$395,000
Est. payment /mo
7,840 Sqft Lot
New
510 W University Drive Rochester, MI 48307
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Key Details
Property Type Vacant Land
Sub Type Lot
Listing Status Active
Purchase Type For Sale
Municipality Rochester
Subdivision Rochester
MLS Listing ID 50222497
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 67x120
Property Sub-Type Lot
Source MiRealSource
Property Description
Development opportunity in Rochester! This vacant parcel offers a unique opportunity for a builder, developer, investor, professional office user or individual looking to build in a desirable Rochester location. The former residence has already been demolished, providing a cleared site ready for its next use. Existing water and sanitary sewer leads remain on the property, potentially eliminating some of the initial infrastructure work typically associated with developing vacant land. The property offers several potential development paths. The seller previously explored construction of a duplex on the site and completed a proposed site plan, which is included with the listing for prospective buyers to review. Depending on the buyer's intended use and applicable City approvals, the property also has potential for a new single-family residence or office development. The surrounding area includes both residential and office uses, giving this property an interesting combination of location and development flexibility. The attached existing-conditions plan identifies surrounding R-1 and O-2 zoning along the W. University Drive corridor. Whether you're a builder looking for your next residential project, an investor considering a duplex, or a business owner exploring a new office location, this property provides an opportunity to start with a cleared site in Rochester rather than taking on an existing structure and demolition. Highlights include: - Vacant and cleared development site - Former residence already demolished - Existing water lead remains on site - Existing sanitary sewer lead remains on site - Proposed duplex site plan available - Potential single-family residential use - Potential duplex development - Potential office development - Rochester location - Opportunity for builder, developer, investor or owner-user Seller has decided to offer the property for sale rather than move forward with development. Property is being sold as-is. Proposed plans are provided for informational purposes. Buyer and Buyer's Agent should independently verify zoning, permitted uses, utilities, setbacks, site plan requirements and all development possibilities with the City of Rochester. Bring your plans and take advantage of a cleared Rochester development site with utilities already established and multiple potential paths for redevelopment.
Location
State MI
County Oakland
Zoning Commercial
Exterior
View Y/N No
Building
Lot Description Cleared
Others
Tax ID 15-10-455-018
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by SunByrnes Properties, LLC
NEARBY SCHOOL & BUSINESS
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