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$ 395,000
Est. payment /mo
New
510 W University DR Rochester, MI 48307
7,840 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 58050222497
Lot Size 7,840 Sqft
Acres 0.18
Property Description
Development opportunity in Rochester! This vacant parcel offers a unique opportunity for a builder, developer, investor, professional office user or individual looking to build in a desirable Rochester location. The former residence has already been demolished, providing a cleared site ready for its next use. Existing water and sanitary sewer leads remain on the property, potentially eliminating some of the initial infrastructure work typically associated with developing vacant land. The property offers several potential development paths. The seller previously explored construction of a duplex on the site and completed a proposed site plan, which is included with the listing for prospective buyers to review. Depending on the buyer's intended use and applicable City approvals, the property also has potential for a new single-family residence or office development. The surrounding area includes both residential and office uses, giving this property an interesting combination of location and development flexibility. The attached existing-conditions plan identifies surrounding R-1 and O-2 zoning along the W. University Drive corridor. Whether you're a builder looking for your next residential project, an investor considering a duplex, or a business owner exploring a new office location, this property provides an opportunity to start with a cleared site in Rochester rather than taking on an existing structure and demolition. Highlights include: - Vacant and cleared development site - Former residence already demolished - Existing water lead remains on site - Existing sanitary sewer lead remains on site - Proposed duplex site plan available - Potential single-family residential use - Potential duplex development - Potential office development - Rochester location - Opportunity for builder, developer, investor or owner-user Seller has decided to offer the property for sale rather than move forward with development. Property is being sold as-is. Proposed plans are provided for informational purposes. Buyer and Buy
Location
State MI
County Oakland
Area Area02152Rochester
Interior
Fireplace No
Exterior
Community Features Sidewalks
View Y/N No
Building
Lot Description Cleared
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Rochester
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition CorporateRelocation, ShortSaleNo
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Listed by Brad Byrnes of SunByrnes Properties, LLC