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1215 Grand Traverse Street - Grand Traverse Multi-Family Development 1 Acre of Commercial Land Offered at $317,370 CAD in Flint, MI 48502

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Investment Highlights

Corner lot with direct interstate visibility

Executive Summary

Outstanding development opportunity in the center of Flint. Bordering S Grand Traverse and I69, this prime location is suitable for a variety of uses including medium density housing under the current zoning. This offering of contiguous parcels combines for +/- 1 AC of space available. Current zoning is MR-2. Located in opportunity zone 26049002800.

MR2 Zoning

Property Facts

Price	$317,370 CAD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Multifamily
No. Lots	1	Total Lot Size	1.00 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	MR-2 - The MR-2 Mixed Residential Medium Density district is intended to accommodate a higher density development.

Price	$317,370 CAD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily
Total Lot Size	1.00 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	MR-2 - The MR-2 Mixed Residential Medium Density district is intended to accommodate a higher density development.

1 Lot Available

Lot

Price	$317,370 CAD	Lot Size	1.00 AC
Price Per AC	$317,370.06 CAD

Price	$317,370 CAD
Price Per AC	$317,370.06 CAD
Lot Size	1.00 AC

Description

The MR-2 Mixed Residential Medium Density district is intended to accommodate a higher density development primarily consisting of low-mid rise structures. In many cases, this may include multi-family developments with several structures making up a “campus” with internal circulation, common open space, and other shared amenities. Limited commercial uses may be permitted that support the day-to-day needs of residents. Various non-residential uses that complement the mixed residential neighborhood including schools, community centers, religious institutions, and parks are permitted on a limited scale.

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