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0000 N. Garfield Woods - Fox Run

8.04 Acres of Commercial Land Offered at $2,520,000 in Traverse City, MI 49686

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Investment Highlights

Shovel Ready for 84-Unit Apartments or Condos

Executive Summary

Great opportunity for a developer with all the preliminary work complete - get to work on construction tomorrow! It's ready to go. A thick file worth of plans/permits/approvals is ready to be shared with a signed NDA.
Development options available. All required approvals have been attained from the township, county and DEQ. Site and architectural drawings are in hand.

Property Facts

Price	$2,520,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Multifamily Apartment Units
No. Lots	1	Total Lot Size	8.04 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$2,520,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily Apartment Units
Total Lot Size	8.04 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot 1

Price	$2,520,000	Lot Size	8.04 AC
Price Per AC	$313,433

Price	$2,520,000
Price Per AC	$313,433
Lot Size	8.04 AC

Shovel ready! 84 units on over 8 acres, lots of frontage on Garfield Road, access to shopping, the airport, Costco, and others within a mile, and over 100 acres of conservancy property and Mitchell Creek Nature Sanctuary adjacent to this property.

Description

This is an incredible opportunity for a developer interested in constructing an 84 unit apartment or condo development in Traverse City - all of the preliminary work is DONE! This property and owner has ALL permits, building and site plans, engineering, and approvals in hand to begin work right away - it is truly shovel ready! The rental market continues to have immense needs in Traverse City, and this is a phenomenal opportunity to begin building on day one. With over 8 acres, lots of frontage on Garfield Road, access to shopping, the airport, Costco and others within a mile, and over 100 acres of conservancy property and Mitchell Creek Nature Sanctuary adjacent to this property, there are so many pluses. Inquire about development options, and get started on your legacy property!