9.16 Acre R-1C Development Opportunity in Affluent Troy Neighborhood
$2,977,000
5845 John R Road, Troy, MI 48085
9.16 acres
Lot Area
Details:
Highlights:
- Prime residential development opportunity in Troy
- Zoned R-1C for residential development
- 280' of frontage on John R Road
- All utilities available on the site
- Located in an affluent area with excellent demographics
- Average household income within 1 mile is $163,400
Description:
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.
Discover the vibrant commercial hub surrounding the location in Troy, MI, with easy access to major highways, making it an ideal investment opportunity for Land users and investors. Situated in Metro Detroit, the area boasts a dynamic business environment, home to an array of corporate headquarters, tech companies, and automotive industry leaders. The location is near Corewell Health Beaumont Troy and a short drive from Somerset Collection, offering upscale shopping and dining experiences.
Documents:
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Location
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