Commercial Redevelopment Opportunity - Ann Arbor
725 Victors Way
Ann Arbor, MI 48108
Highlights
- - Zoned TC1 with diverse permitted uses
- - 1.6 acre site with frontage on Victors Way
- - Renovated in 2004 for modern appeal
- - Convenient access to I-94 and US-23
- - Versatile 1,500 sf office space
- - Spacious 3,500 sf restaurant space
- - Reciprocal easement agreement with Hyatt Place Hotel
- - Surrounded by major retailers, hotels, offices and restaurants
- - Permitted uses include multi-family, assisted living, lodging, entertainment, institutional, health care, services, office, R&D, restaurant, retail sales
Description
**Redevelopment Opportunity** 725 VICTORS WAY, ANN ARBOR, MI 48108! Priced at $1,950,000, this 1.6-acre property boasts new TC1 zoning, ideal for various uses from multi-family to retail. Situated near major attractions like the Hyatt Place Hotel and Briarwood Mall, with easy access to highways I-94 and US-23, this location is a developer's dream.
The existing 5,550 SF building, renovated in 2004, consists of 3,500 SF restaurant space and 1,500 SF office space which offers a solid foundation for transformation. Surrounded by a bustling commercial hub of retail, hotels, offices, and restaurants, the potential for growth and success is endless. Don't miss out on this prime location for your next project!
TC1 Transit Corridor district zoning is intended along existing transit corridors with regular fixed service provided by the Ann Arbor Area Transportation Authority primarily on established commercial and office sites, often with deep front setbacks, vast surface parking lots and lower floor area ratios than the previous zoning designation allowed. This district has been created to facilitate, encourage, and support redevelopment and infill development to realize mixed use developments and achieve mixed use corridors that support and sustain transit service as well as encourage affordable housing, enable more housing choices, more sustainable forms of development, with reduced resource and energy needs. Pedestrian-friendly designs are critically important in this district as all transit users of any mode begin and end their trips as pedestrians.
New TC1 (Transit Corridor) zoning with excellent visibility.
