20809 Pearl St Farmington Hills, MI 48336
- Commercial real estate
- 0.87 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 20809 Pearl St
- Lot size
- 0.87 lot acres
- Property type
- Commercial real estate
Description
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.
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
- Farmington Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.327041
- Latitude
- 42.442843
