24.88 Acre Parcel, 18K Vpd

Property Description

RI Marketplace Online Auction Dec. 5-7, 2023.

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Investment Highlights

±24.88-Acre Parcel Within an Established Residential Community and Adjacent to Retail

Zoned C-2, Community Commercial District, with Flexible Uses Permitted including Retail, Office, Restaurant, Hotel, Self-Storage (special use permit)

Direct Frontage on Pierson Road (±17,938 Vpd); Positioned 1-Mile From I-75 (±64,080 Vpd) Offering Easy Access to The Greater Area

Neighboring Retail: Family Dollar, O'Reilly Auto Parts, Citi Trends, Popeyes, Little Ceasars, Chase, McDonalds, AutoZone, and Many Others

Federal Opportunity Zone

Dense Demographics with 5-Mile Population of ±121,126 and Average Household Income of ±$46,319

Offering Summary

Marcus & Millichap and RI Marketplace are pleased to present a 24.88-Acre parcel located adjacent to 3169 Pierson Road (the “Property”) in Flint, Michigan. This Property offers an exceptional investment opportunity to develop a large parcel near established residential drivers within a retail corridor. First BID Meets Reserve.

The Property is in a robust trade area near a mix of residential and retail demand generators. Nearby retailers in this amenity-rich location include Family Dollar, O'Reilly Auto Parts, Citi Trends, Popeyes, Little Ceasars, Chase, McDonalds, AutoZone, and many others. The Property benefits from highly favorable and flexible C-2, Community Commercial District, zoning that allows for a wide variety of uses including office, retail, restaurant, hotel, self-storage (special use permit), and others. The Property is in a Federal Opportunity Zone.

With its storied industrial history, Flint is experiencing a revitalization, offering potential for innovative commercial developments. The Property is poised to benefit from its location in a high traffic area less than one mile from I-75 with traffic counts of ±64,080 vehicles per day. The Property is positioned with direct frontage on Pierson Road and benefits from traffic counts of 17,938 vehicles per day. The Property offers excellent accessibility to the greater area and is strategically located in a densely populated area that serves ±121,126 individuals with an average household income of ±$46,319 within a 5-mile radius.

Jerry Helmer

Fisher Auction Company Inc.