AN INVESTMENT OPPORTUNITY & BUILDER�S DREAM WITH MULTI-MILLION DOLLAR POTENTIAL! Located on a corner lot in the Heart of Royal Oak, this .5 acre property is booming with potential for a multi-family, 11 unit new construction! The area is blazing hot, just like everything else on the Woodward Corridor, with multi-family buildings surrounding the property. This lot will need to be re-zoned from residential to multi-family. Call for more details.
What is for sale is the colored portion of this front photo. Currently the "yellow" part of the photo is one lot, the sellers will add the "orange" from the parent parcel to the lot which will allow for an easement to the property for a driveway. Please see the photos of a similar lot . The seller owns the parcel to the west where the ranch house sits. (The house is not for sale.) We do not know if you can split the lot into two lots but there is that possibility. We do not have a survey, the buyer will have to get that. One could build a beautiful home here the setting is absolutely lovely!
Take a look at this .41 acre site in down town Royal Oak. Currently zoned Neighborhood Business. Located on the high traffic corner of Main St. and Catalpa, this parcel offers 173 feet of road frontage with water and sewer at street. Nestled just south of the merging of Crooks and Rochester Roads on to Main St. This property catches the high volume of traffic that comes South into downtown Royal Oak. Small 1500 sq. ft. auto shop currently exists on property- value is in the land. Former underground storage tanks have been removed. Permitted to go 36� in Building Height, with an assortment of uses.
Vacant Land For Sale.
Check out this amazing lot read for your dream home! Established Royal Oak neighborhood close to parks, downtown Birmingham, and all that Woodward Avenue has to offer. Variance needed prior to building approval.
Check out this amazing lot read for your dream home! Established Royal Oak neighborhood close to parks, downtown Birmingham, and all that Woodward Avenue has to offer. Variance needed prior to building approval.
Zoned Multiple, currently 2 houses (both rented) each sitting on 40x294 lots- or 80X294 combined which currently permits building 6 new units! However, both homes are surrounded by apartments & condos ON ALL 3 SIDES! Potential of more than 6 units (10,12, 16?). Baker street is walking distance to downtown Royal Oak (OWNER IS LICENSED)
Zoned Multiple, currently 2 houses (both rented) each sitting on 40x294 lots- or 80X294 combined which currently permits building 6 new units! However, both homes are surrounded by apartments & condos ON ALL 3 SIDES! Potential of more than 6 units (10,12, 16?). Baker street is walking distance to downtown Royal Oak (OWNER IS LICENSED)
The median home value in Royal Oak, MI is $340,000. This is higher than the county median home value of $304,600. The national median home value is $338,100. The average price of homes sold in Royal Oak, MI is $340,000. Approximately 61.1% of Royal Oak homes are owned, compared to 31.76% rented, while 7.14% are vacant. Royal Oak real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Royal Oak real estate agent to arrange a tour today!
Royal Oak, Michigan has a population of 58,368. Royal Oak is less family-centric than the surrounding county with 29.6% of the households containing married families with children. The county average for households married with children is 32.55%.
The median household income in Royal Oak, Michigan is $87,316. The median household income for the surrounding county is $86,275 compared to the national median of $69,021. The median age of people living in Royal Oak is 35.8 years.
The average high temperature in July is 83.4 degrees, with an average low temperature in January of 18.4 degrees. The average rainfall is approximately 33.1 inches per year, with 31.9 inches of snow per year.