Multifamily Land
20805 Pearl
Farmington Hills, MI 48336
https://thebrokerlist.com/have/multifamily-land-130416
FOR SALE
Property Type:
Multifamily Land
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
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.
