For Sale
$349,000

20809 Pearl St Farmington Hills, MI 48336

0.87-acre commercial lot, ideal multi-family.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 0.87-acre commercial land parcel, located at 20809 Pearl Street in Farmington Hills, Michigan, presents a unique investment opportunity. Zoned RC-1, this site offers significant potential for multi-family development, with city approvals allowing for a building up to six stories tall. The property is conveniently situated directly across from Beaumont Hospital, providing immediate access to a large population base and ensuring high demand for residential units. Farmington Public Schools serve the area, making it an attractive location for families. The site boasts a highly desirable location within Oakland County, with easy access to major roadways and amenities. The asking price is $349,000, translating to $401,149 per acre. All necessary utilities, including city water and sewer, are readily available on-site, simplifying the development process and minimizing upfront infrastructure costs. This is a rare opportunity to acquire a prime development site in a thriving Michigan community. The property's proximity to Beaumont Hospital and its zoning potential make it an exceptional investment for developers seeking a high-return project. The 48336 zip code offers a strong residential market, further enhancing the property's value and potential for future growth.

Highlights

  • 0.87-acre multi-family development site.
  • Located directly across from Beaumont Hospital.
  • Six-story building permitted.
  • Served by Farmington Public Schools.
  • City water and sewer available on-site.

Property Details for 20809 Pearl St

Property type
Land
Lot Size (sq. ft)
37,897 SF

Location Insight

City
Farmington Hills
County
Oakland
State
Michigan
Latitude
42.442843
Longitude
-83.327041
20809 Pearl St, Farmington Hills, Michigan

FAQs

What type of property is this?
Land - 0.87-acre commercial lot, ideal multi-family.
Where is the land located?
The property is located at 20809 Pearl St Farmington Hills, MI.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 0.87-acre multi-family development site.; Located directly across from Beaumont Hospital.; Six-story building permitted.
How can I contact the broker?
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20809 Pearl St
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