Property summary
This exceptional 0.87-acre parcel presents a remarkable opportunity for multifamily development in the affluent Farmington Hills area of Oakland County, Michigan. Zoned for residential use, this fee-simple property offers the potential to construct up to 20 residential units, catering to the high demand for housing in this desirable location. The site is conveniently situated off West 8 Mile Road, a major thoroughfare boasting over 20,000 vehicles per day, ensuring excellent visibility and accessibility. The address is 20805 Pearl St, Farmington Hills, MI 48336. This prime location within Oakland County provides access to a thriving community with established amenities and a strong rental market. The asking price for this exceptional development opportunity is $360,000. Given the land's size and zoning, along with the area's high demand for housing, this represents a compelling investment prospect for experienced developers seeking to capitalize on the robust real estate market in this affluent Michigan community. The property's strategic location and significant development potential make it an ideal choice for those seeking a high-return investment in a desirable and established market. Serious inquiries are encouraged.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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