15 Acres Mixed Use Thompson & Torrey Rd Fenton Township, MI 48430
This exceptional 15-acre mixed-use development opportunity in Fenton Township, Michigan, presents a unique investment prospect. The property, located at the hard corner of Thompson & Torrey Roads, boasts a preliminary layout encompassing a 133-unit multifamily complex and approximately 25,000 square feet of retail space. Zoned PUD/Mixed-Use with a Thompson Road Overlay, this site offers significant flexibility for development. The asking price is $2,999,999, translating to $120 per square foot. Convenient freeway access via US-23 enhances its appeal. Infrastructure is in place, with newly installed (2023) water and sewer lines. The property's advantageous location next to Lake Fenton High School provides a strong demographic draw. The parcel number is 06-02-100-001, and the property is situated in Genesee County, Michigan, with a zip code of 48430. This prime location, combined with its substantial size and versatile zoning, makes this a compelling opportunity for developers seeking a high-impact project in a thriving community. The existing preliminary plans provide a solid foundation for immediate development, minimizing upfront planning costs. This is a rare chance to acquire a large, well-situated parcel ready for immediate development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.