Multifamily Land

20805 Pearl Farmington Hills, MI 48336

FOR SALE
Property Type:
Multifamily Land
Amount:
$360,000
Last Verified:
Sep 21, 2022

Highlights

  • Prime for Development - up to 20 Multifamily Units
  • Located in Farmington Hills, Michigan
  • Situated in Oakland County - One of the Wealthiest Counties in the U.S.
  • Off Busy 8 Mile and Grand River Avenue Intersection
  • Strong and Affluent Market
  • Over 228,000 People in 5-Mile Radius
  • Over $88,000 Average Household Income

Description

Prime for Development - up to 20 Multifamily Units

8 Mile & Grand River Avenue in Farmington Hills, Michigan (Oakland County)

Lot Size: 0.87 acres

Map of 20805 Pearl, Farmington Hills, MI, 48336

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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.