Garfield Woods Dr Traverse City, MI 49686
- Land
- 8.04 lot acres
Current Use by Public Records
- Land
Property Details for 0 Garfield Woods Dr
- Lot size
- 8.04 lot acres
- Property type
- Land
Description
This exceptional 8.04-acre parcel in Traverse City, Michigan, presents a truly unique development opportunity. Zoned for commercial use, this "shovel-ready" property is ideally suited for an 84-unit apartment or condominium complex. All necessary permits, building and site plans, engineering, and approvals are already secured, eliminating significant pre-construction hurdles and allowing for immediate commencement of the project. The property boasts ample frontage on Garfield Woods Drive, providing excellent visibility and accessibility. Its strategic location offers convenient proximity to shopping centers, the airport, and Costco, enhancing its appeal to potential residents. Adding to its desirability is the adjacency to over 100 acres of conservancy property and the Mitchell Creek Nature Sanctuary, providing a tranquil natural setting. This prime location within Grand Traverse County, with its zip code 49686, offers a strong rental market, making this a compelling investment for developers seeking a high-return project. The asking price is $2,950,000. This is a chance to capitalize on the thriving Traverse City market and create a significant residential development. Contact us to explore development options and begin building your next project.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.595
- Latitude
- 44.7238
