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5845 John R Rd 9.16 Acres of Commercial Land Offered at $2,977,000 in Troy, MI 48085
INVESTMENT HIGHLIGHTS
- Prime residential development opportunity in Troy
- 280' of frontage on John R Road
- Located in an affluent area with excellent demographics
- Zoned R-1C for residential development
- All utilities available on the site
- Average household income within 1 mile is $163,400
EXECUTIVE SUMMARY
This 9.16-acre development opportunity is located within the R-1C One Family Residential District. Per the City of Troy Zoning Ordinance, this district is designed to be the most restrictive of the residential Districts as to use. The intent is to provide for environmentally sound areas of low-density, single-family, detached dwellings, through the varying of lot sizes and the development options which will accommodate a broad spectrum of house sizes and designs - appealing to the widest spectrum of the population. Water, sewer, gas, electricity, phone, and
cable all are on site.
cable all are on site.
PROPERTY FACTS
| Price | $2,977,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 9.16 AC |
| Property Type | Land | ||
| Zoning | R-1C - Residential Commercial Zoning | ||
| Price | $2,977,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 9.16 AC |
| Zoning | R-1C - Residential Commercial Zoning |
1 LOT AVAILABLE
Lot
| Price | $2,977,000 | Lot Size | 9.16 AC |
| Price Per AC | $325,000.00 |
| Price | $2,977,000 |
| Price Per AC | $325,000.00 |
| Lot Size | 9.16 AC |
9.16-acre development opportunity located within the R-1C One Family Residential District. Water, sewer, gas, electricity, phone, and cable all are on site.
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5845 John R Rd
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