3055 Plymouth Rd - Office/Residential FOR SALE


Ann Arbor, MI 48105
$4,750,000 USD
734-662-3778
3055 Plymouth Rd, Ann Arbor, MI for Sale
$4,750,000 USD
Office/Residential - FOR SALE
1/9
null | Request Cap Rate

3055 Plymouth Rd
Ann Arbor, MI 48105


HIGHLIGHTS

  • Newly rezoned to TC1 by the City of Ann Arbor Multi-family/commercial redevelopment opportunity
  • Currently 92% occupied medical/office building (proforma available)
  • Located on AATA bus line
  • Multi-family/commercial redevelopment opportunity

OVERVIEW

Newly rezoned to TC1 (Transit Corridor), this location presents as a redevelopment and/or investment opportunity (commercial/multi-family) on busy Plymouth Road. The Plymouth Orchard Professional Building is currently 92% occupied and is a modern two story multi-tenant office building. Abundant parking. Building signage available. Basement storage. It is located on busy Plymouth between Nixon and Green Roads on an AATA bus line. One mile from US-23. Two miles from downtown Ann Arbor. TC1 Transit Corridor A. General Intent Statement This district is intended along existing transit corridors with regular fixed service provided by the Ann Arbor Area Transportation Authority primarily on established commercial and office sites, often with deep front setbacks, vast surface Parking Lots and lower Floor Area Ratios than the previous zoning designation allowed. This district has been created to facilitate, encourage, and support redevelopment and infill development to realize mixed use developments and achieve mixed use corridors that support and sustain transit service as well as encourage affordable housing, enable more housing choices, more sustainable forms of development, with reduced resource and energy needs. Pedestrian-friendly designs are critically important in this district as all transit users of any mode begin and end their trips as pedestrians. Application of this district will further the goals expressed in all elements of the City’s master plan, particularly the Sustainability Framework, the Land Use Element, the Climate Action Plan, and the Comprehensive Transportation Plan. B. Specific Purpose Statements When approving a petition to rezone a site from its current designation to TC1, the Planning Commission and City Council should consider the following specific purpose statements: 1. This district may replace the O, RE, ORL, C2B, C3, P, R5 and M1 districts. It should only replace other zoning designations in unique and rare instances where another zoning district is entirely surrounded by the specifically mentioned districts. 2. This district should be located proximate to a transit corridor, meaning a street with an existing fixed transit service. All areas of parcels zoned TC1 should be no more than ½ mile from a transit stop. For more detailed information, visit https://www.a2gov.org/UDC

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$264 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Orchard Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

3.08 AC

LAND SF

134,165 SF

ZONING

TC1

APN/PARCEL ID

09-14-300-075

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734-662-3778

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734-662-3778

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