Multifamily Development Property

Oak Hollow Dr Traverse City, MI 49686

Oak Hollow Dr, Traverse City, MI, 49686
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FOR SALE
Property Type:
Commercial Land Development
Amount:
$525,000
Last Verified:
Apr 23, 2024

Highlights

  • Waterfront View Property
  • Large in-town Development Parcel
  • Multi-modal Transportation Options

Description

This wooded 2.9 Acre development parcel sits on the southeast shore of Boardman Lake with additional frontage on the Boardman River. The property is only minutes from Downtown Traverse City, shopping and the airport. Access is provided via roads, public transit, the TART Trail and the new Boardman Lake Loop which runs along the southern boundary of the property. The property is adjacent to the existing Lake Pointe Apartments. While the underlying zoning for the parcel is R-3 Multi-family Residential, the property is part of a PUD and the approved use for the parcel is office with a total allowable square footage of 18,000 SF.

Turn west onto Oak Hollow from Park Dr and take to the end. Property is on your left.

Building Size: 0sq ft
Lot Size: 2.9 acres


Documents

Lakepoint association doc.pdf
Lake Pointe Offcie Condo Docs.pdf
article_3_zoning_districts_1.pdf
Sale Brochure

Map of Oak Hollow Dr, Traverse City, MI, 49686

Presented by:
Three West LLC

Request additional information
Kevin Endres


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.