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Homes, Houses, Properties | Page 3959

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    Zip Code:
    Lot size:
    13.19 sqft

    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.