16240 W 12 Mile Rd - Bedford Villa-development opportunity 2.34 Acres of Commercial Land Offered at $965,000 in Southfield, MI 48076
INVESTMENT HIGHLIGHTS
- Great location in Southfield.
- Currently approved for assisted living/multifamily or office building.
EXECUTIVE SUMMARY
This property has fresh market studies for rental, multifamily, senior living, and assisted living. Currently zoned for office/multifamily. The site is shovel-ready. The seller is looking for all the offers...As dirt, the seller will 1M...if the property is being sold as assisted living, he has a turn-key package....bring offers.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $965,000 |
| Price Per AC | $412,393.16 |
| Lot Size | 2.34 AC |
Lots 19 & 20 Bedford Villa's S. E. 1/4 & the E. 1/2 of the S.W.1/4 of the section 12 T.I.N R10 E Southfield Twp, (now City of Southfield)
DESCRIPTION
This property was an old assisted living site that has since been torn down and cleared for a new building. The property is approved for another assisted living/multifamily or office building . The seller has owned the property since 2007. Since covid he has decided to sell the property. We do have recent market studies that support the need for modern assisted living and independent living properties. Can provide renderings and anything else a buyer would want to see.
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PROPERTY TAXES
| Parcel Number | 24-12-451-020 | Improvements Assessment | $5,620 |
| Land Assessment | $220,610 | Total Assessment | $226,230 |
ZONING
| Zoning Code | OS |
CONTACT
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Beth Beal - Fourmidable Real Estate Services LLC
