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Listed by REMAX Bayshore - West Shore Dr TC
$1,995,000
Est. payment /mo
12,259 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 12,259 sqft
Price per Sqft $162
MLS Listing ID 1941135
Year Built 1990
Lot Size 4.350 Acres
Acres 4.35
Property Sub-Type Mixed Use
Property Description
Outstanding investment opportunity! This shovel-ready building site is ready for new mixed-use construction. Situated in a fantastic, easy access location on a busy thoroughfare, this 4.35-acre parcel is currently zoned for multi-story/mixed use with the potential for short term rentals, and has an approved PD to accommodate a building footprint of 32,300 sq ft with a 45-foot height requirement, allowing for retail space on floor 1 for up to 19 units, and 2 floors of residential condominium units. All site infrastructure is fully developed, including underground sewer, water, electric, cable, and storm water management - imagine the possibilities! Included is a 12,000 sq ft mixed-use building known to locals as the former Williamsburg Dinner Theatre. Located just a 1/4 mile from the east arm of Grand Traverse Bay and the newly renovated public Bayside Park. Directly adjacent to Acme Meijer, 3.5 miles from Turtle Creek Casino, and less than 1.5 miles from the Grand Traverse Resort & Spa and its renowned golf courses "The Bear", "The Wolverine", and "Spruce Run". For those seeking adventure, this property also features direct access to the TART Trail and the newly constructed bridge over cascading Acme Creek, connecting the adjoining KOTI property- Traverse City's newest luxury vacation rental experience.
Location
State MI
Interior
Heating Forced Air, Natural Gas
Exterior
Waterfront Description Public
Roof Type Other
Garage false
Building
Foundation Block
Sewer Public Sewer
Water Public
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Kyle O'Grady
Team Leader, REALTOR® | License ID: 6501407456
Team Leader, REALTOR® License ID: 6501407456