1392 Williams Lk Rd White Lake charter Township, MI 48386
- Commercial real estate
- 2.47 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1392 Williams Lk Rd
- Lot size
- 2.47 lot acres
- Property type
- Commercial real estate
Description
This exceptional 2.47-acre commercial and residential land parcel in White Lake Charter Township, Oakland County, Michigan (48386), presents a unique investment opportunity. Located at 1392 S Williams Lake Rd, the property boasts 386.60 feet of frontage on Williams Lake Road, situated north of Cooley Lake Road and surrounded by RM-1 zoning. A concept plan, detailing a 16-unit building (two bedrooms per unit), is available. The plan includes parking on the west side of the building, with two driveways accessing Williams Lake Road. Municipal water and sanitary sewer are readily available. The site is free of wetlands or floodplains. The property's RM-1 zoning permits various uses, including duplexes, townhomes, stacked ranches, apartments, and traditional multi-family rental units, with densities ranging from 6 to 10 units per acre depending on the chosen development plan. The Township encourages higher-density projects, making this a prime location for high-quality rental units. This location benefits from strong demographics and proximity to a new retail corridor and recently developed residential neighborhoods. An existing 1,551 square foot residence is to be demolished. The asking price is $800,000.
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
- White Lake charter Township
- County
- Oakland
- State
- Michigan
- Longitude
- -83.441977010365
- Latitude
- 42.617329200225
