For Sale
$2,400,000

1163 Chestnut StPontiac, MI 48342

Prime Pontiac land, 8 building sites, 88 units possible.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 5.58-acre land parcel in Pontiac, Michigan, presents a remarkable opportunity for builders and developers. Located within the established Fairview Estates condo community at 1163 Chestnut, Pontiac, MI 48342, this fully developed site is ready for immediate construction. The property boasts pre-existing infrastructure and roads, eliminating significant upfront development costs. The site plan allows for the construction of eight separate buildings, with a total capacity of 88 residential units. Mature landscaping enhances the aesthetic appeal and provides an established, attractive environment. Its strategic location offers convenient access to Oakland University, situated north of M-59 and west of I-75, ensuring high demand and strong potential for rental income or resale. The property is zoned for multifamily use, simplifying the permitting process. This turnkey development opportunity is priced at $2,400,000 and is offered for sale by owner. Don't miss this chance to capitalize on this prime location and build a thriving residential community.

Highlights

  • 5.58-acre fully developed multifamily site in Pontiac, MI, ready for immediate construction.
  • 8 building sites approved for a total of 88 residential units.
  • Existing infrastructure, roads, and mature landscaping minimize upfront development costs.
  • Prime location near Oakland University, north of M-59 and west of I-75, ensuring high demand.
  • Offered at $2,400,000 by owner.

Property Details for 1163 Chestnut St

Property type
Land
Lot Size (sq. ft)
243,065 SF

Location Insight

City
Pontiac
County
Oakland
State
Michigan
Latitude
42.6577023
Longitude
-83.2570747
1163 Chestnut St, Pontiac, Michigan

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1163 Chestnut St
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