Multi-Family 24 Acre Development Opportunity - Fruitport, MI

Vacant Land for Sale
Catylist Listing ID: 30164056
Property Subtypes: Multi-Family
Gross Land Area: 24 Acres
Sale Price: $2,640,000
Unit Price: $110,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/19/2018

Overview / Comments

Apartments & Condominiums. 24 acre parcel is part of the Greenway Crossing PUD. The area has a strong employment base but needs additional quality housing. The area lacks fully amenitized apartment communities; no new product has been added in more than 10 years. Existing condominiums are limited and have sold readily. Data indicates pent-up demand for both product types. The offering is for various parcels within the property. Offers for the purchase of the entire parcel will be considered.

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Taxing Authority: Fruitport Township
Tax ID/APN: A portion of: 61-15-127-100-0016-00
Zoning: CURRENTLY R-4
Property Located Between: Pontaluna Road and Sternberg Road
Property Visibility: Excellent
Legal Description: Legal at listing office.
Largest Nearby Street: Sternberg Road and US-31
Area Description: The Subject Property is strategically located on Harvey Street and Quarterline Road along the Lakes Mall retail corridor.
Zoning Description: Mixed-Use PUD.
Part of Planned Development?: Yes
Development Name: Greenway Crossing
Topography: Level

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,384 22,053 70,318
Median Age: 45.9 41.74 40.4
Households: 600 8,779 28,368

Contact

Photograph of Listing Agent

Todd A. Kamps, CCIM | SIOR

Cherette Properties, LLC CARWM Member
© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.