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Property profile

20809 Pearl St Farmington Hills, MI 48336

FOR SALE
Land
Property ID
US43-5033872
0.87 ac lot
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For Sale
$349,000
20809 Pearl St, Farmington Hills, MI 48336
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Property summary

AI-generated overview

This exceptional 0.87-acre commercial land parcel, located at 20809 Pearl Street in Farmington Hills, Michigan, presents a unique investment opportunity. Zoned RC-1, this site offers significant potential for multi-family development, with city approvals allowing for a building up to six stories tall. The property is conveniently situated directly across from Beaumont Hospital, providing immediate access to a large population base and ensuring high demand for residential units. Farmington Public Schools serve the area, making it an attractive location for families. The site boasts a highly desirable location within Oakland County, with easy access to major roadways and amenities. The asking price is $349,000, translating to $401,149 per acre. All necessary utilities, including city water and sewer, are readily available on-site, simplifying the development process and minimizing upfront infrastructure costs. This is a rare opportunity to acquire a prime development site in a thriving Michigan community. The property's proximity to Beaumont Hospital and its zoning potential make it an exceptional investment for developers seeking a high-return project. The 48336 zip code offers a strong residential market, further enhancing the property's value and potential for future growth.

Property profile

Verified
Property type Land
Lot 0.87 ac (37,897 SF)
UPID US43-5033872

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

20809 Pearl St Farmington Hills, MI 48336
Farmington Hills metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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