Catylist ID: #30472120
1148 & 1195 W Western Ave
Vacant Land for SaleAlso listed as Industrial
|Catylist Listing ID:||30472120|
|Property Subtypes:||Hospitality, Industrial, Multi-Family, Office, Other|
|Gross Land Area:||20 Acres|
|Unit Price:||$160,000 Per Acre|
|Office SF:||2,000 SF|
|In Opportunity Zone?||Yes|
|Sale Terms:||Cash to Seller|
Overview / Comments
Best views on Muskegon Lake. Rare opportunity to acquire 20 acres of prime waterfront development property in booming Muskegon, Michigan. This property is also located in a Qualified Opportunity Zone offering investors upside potential with significant potential tax advantages.
Historically this site has been used for industrial purposes, however, it is ideal for a mixed use waterfront development which could include uses such as marinas, residential uses, retail, restaurants, entertainment, boat storage, or an other use consistent with a high quality waterfront property.
There is an existing 75,000 square foot building which could be re-used for a multitude of uses or removed for additional development flexibility. There is also an adjacent land parcel available which can increase the size of this development.
The building that is presently on the site is approximately 75,000 square feet and has been updated in terms of its electrical service and can be used for a wide variety of warehouse uses or boat storage operations.
When viewing this property, in terms of its location on a point at the center of beautiful Muskegon Lake, you can quickly see that this site is truly one of a kind and offers limitless opportunities.
|Taxing Authority:||City of Muskegon|
|Tax ID/APN:||61-24-205-577-0004-00 & 61-24-205-470-0006-00|
|Property Located Between:||Franklin St and Chesapeake & Ohio Railway and W Western Ave and Muskegon Lake|
|Highway Access:||0.52 Miles to Business 31 and 3.66 Miles to US-31|
|Airports:||Muskegon County Airport and Gerald R Ford International Airport|
|Proximity:||1 mile||3 miles||5 miles|
Stuart Kingma, SIORNAI Wisinski of West Michigan
|The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|