520 Railroad Ave and 648 Railroad Place

520 Railroad Ave and 648 Railroad Place Traverse City, MI 49686

520 Railroad Ave and 648 Railroad Place, Traverse City, MI, 49686
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FOR SALE
Property Type:
Other Land
Amount:
$1,575,000
Last Verified:
Aug 12, 2024

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Highlights

  • Pad Ready Development Parcel
  • Close to Shopping, Transportation, Recreation and Restaurants

Description

This 1.46 Acre development parcel sits in the center of Traverse City with multi-modal opportunities with easy motorized access east-west along E Eighth Street and north south along Woodmere Ave. and non-motorized access to the TART Trail and the newly constructed Boardman Lake Loop. There is also a BATA Bus Stop on Woodmere Avenue for a public transportation option. The site is ready to be built and would make a wonderful multi-family infill development that is close to shopping, transportation, recreation and restaurants.

520 Railroad Ave - Southwest corner of the intersection of Station St and Railroad Ave. 648 Railroad Place - Southwest corner of Railroad Ave and Railroad Place.

Lot Size: 1.46 acres


Documents

Sale Brochure

Map of 520 Railroad Ave and 648 Railroad Place, 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.