Avis Farms South, Ann Arbor

Vacant Land for Sale
Catylist Listing ID: 29651093
Property Subtypes: Office
Gross Land Area: 4.68 Acres
Sale Price: $450,000
Unit Price: $96,153 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/13/2018

Overview / Comments

A 4.68 corner lot (Unit 1) fronting on State St. at 140-acre Avis Farms South business park. Principal tenant on adjacent parcel to the east is Thomson Reuters Corp. Zoned BP (Business Park) by Pittsfield Township.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Tax ID/APN: 12-28-210-001
Zoning: BP
Market Type: Medium
Property Located Between: Ellsworth & Michigan
Side of Street: East
Road Type: Paved
Property Visibility: Excellent
Legal Description: Unit 1, Avis South Condominium, SE corner of State Rd & Whitmore, North, Sec. 28, Pittsfield Twp.
Largest Nearby Street: State St.
Feet of Frontage: 385
Transportation: Highway
Airports: Ann Arbor Airport, 1 mile north; Detroit Wayne County Intnl Airport, 25 miles east.
Site Description: A 4.68 acre corner lot (Unit 1) with 385 ft. of frontage on S. State Street. Seller indicates Pittsfield Township will approve up to 20,000 sq. ft. building on site. Under terms of PUD, about 50% of parcel is designated common open space, but entire 5 acres can be used for computation for lot coverage, parking and so forth. The north half of the parcel is under agricultural use. The southern portion is populated by a number of mature, landmark trees.
Area Description: Avis Farms South was established as an extension of Avis Farms business park in 2001. It encompasses 140 acres, and is situated a mile south of Ann Arbor Airport and 1.5 miles south of the State St. and I-94 interchange. Michigan Avenue, connecting Saline with the US-23/Michigan Ave. interchange is a mile to the south. Business park, retail and residential development has been active in Pittsfield Township, and more development in the planning stages.
Lot Frontage: 385
Lot Depth: 213
Zoning Description: Office
Development Name: Avis Farms South
Topography: Rolling
Available Utilities: Electric, Water, Gas, Storm Drain

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,525 32,817 110,729
Median Age: 36.36 37.78 37.13
Households: 2,810 12,718 47,134

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