1163 Chestnut St Pontiac, MI 48342
- Commercial real estate
- 5.58 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1163 Chestnut St
- Lot size
- 5.58 lot acres
- Property type
- Commercial real estate
Description
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.
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
- Pontiac
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2570747
- Latitude
- 42.6577023
