Courtesy of: Christopher Zefic | Arterra Realty Michigan Llc
Purchase Type: Sale
MLS ID: G50058527
Days On Market: 89
Property Type: Lots & Land
Swimming Pool: No
School District: Bloomfield Hills
Address: 39315 N Woodward Ave
City: Bloomfield Hills
Neighborhood: Bal Of Oakland
This exclusive 13.19 acre property is 607 feet primary street frontage directly on Woodward Avenue. This property is zoned Institutional, and can be used as a nursing facility, school, senior housing development, museum, etc? This parcel of land is currently improved with an assisted living facility. It is concluded that the highest and best use of the subject is a senior housing development as permitted under the current zoning. There is strong demand for senior housing as the number of elderly residents in the local market is increasing. As the ?baby boomer? generation is beginning to enter their retirement years, senior care developers and providers expect growing demand for senior residential facilities in the years to come. The subject is considered a prime location for this type of development, as Bloomfield Hills is a mature community that will experience a steady increase in the senior population in the future.
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Listing Agent: Christopher Zefic Courtesy of: Arterra Realty Michigan Llc Listing information provided courtesy of the Ann Arbor Area Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 17th January, 2022 7:49 PM