$1,250,000
$2,200,000
43.2%For more information regarding the value of a property, please contact us for a free consultation.
1,176 SqFt
SOLD DATE : 04/30/2020
Key Details
Sold Price $1,250,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,176 sqft
Price per Sqft $1,062
MLS Listing ID 78001327370
Sold Date 04/30/20
Originating Board Aspire North REALTORS®
Year Built 1961
Lot Size 3.840 Acres
Acres 3.84
Lot Dimensions 754x292x430x89x450
Property Description
Unbelievable development opportunity on main commercial thoroughfare for retail, restaurant and hospitality on US-31 N. With 204 feet of prime frontage, this 3.84 acre parcel has high traffic counts, is adjacent to several dealerships, Grand Traverse Mall, Red Lobster, Olive Garden, automotive parts stores, Lowe's, among others... and it is in the federal Opportunity Zone! It is zoned general commercial (CG) and allows for multiple uses including a car dealership, restaurant, retail, hotel, bar, indoor entertainment, personal & business services, theater, auto service & repair, financial institution, offices, and more. Owner would entertain lot split or ground lease offers as well as outright sale. No value to existing structures.
Location
State MI
County Grand Traverse
Area Garfield Twp
Zoning Commercial,Multi-Family,Office
Interior
Heat Source Other
Exterior
Pool No
Roof Type Asphalt
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Frame
Schools
School District Traverse City
Others
Tax ID 0502101100
Ownership Private Owned
Acceptable Financing Cash, Lease With Option, Other, Trade/Exchange
Listing Terms Cash, Lease With Option, Other, Trade/Exchange
Financing Cash,Lease With Option,Other,Trade/Exchange
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