
Buchanan Multifamily Development Opportunity
Dead-End Road Site | Up to 7 Acres Available
Marketing description
Exceptional residential redevelopment opportunity in Buchanan! 103 Smith Street is now being offered alongside the newly available neighboring parcel at 710 S Oak Street, creating a rare opportunity for developers to secure a larger assemblage in an area actively seeking new housing development.
Located on a quiet dead-end road, this site offers a unique combination of privacy, accessibility, and development flexibility. The area was recently rezoned from industrial to residential, opening the door for multifamily housing, townhomes, workforce housing, senior living, or other residential redevelopment concepts.
Adding even more upside, the City of Buchanan is currently offering approximately 3–4 additional acres directly across the street, bringing the total potential opportunity to approximately 3–7 combined acres depending on acquisition structure. City leadership has expressed enthusiasm about working with developers to help bring quality residential projects to the area.
The addition of 710 S Oak Street creates improved accessibility and expanded site planning potential for future development. Opportunities with residential zoning already in place, multiple parcel assemblage potential, and municipal support are becoming increasingly difficult to find in today’s market.
Conveniently located near downtown Buchanan, schools, parks, and regional commuter routes, this property is well-positioned for a wide range of residential development possibilities. Contact listing agent for assemblage details, zoning information, and discussions regarding additional available land.
Investment highlights
- Recently rezoned from industrial to residential
- Multifamily, townhome, workforce housing, or senior housing potential
- Opportunity to assemble approximately 3–7 total acres
- Additional neighboring parcel at 710 S Oak Street now available
- City-owned land directly across the street may also be available
- Located on a quiet dead-end road offering privacy and reduced traffic
- City of Buchanan eager to support residential development
- Flexible site planning and expanded access opportunities
- Growing demand for residential housing in the area
- Rare infill redevelopment opportunity with residential zoning already in place
- Convenient access to downtown Buchanan and regional commuter routes
- Strong upside potential for developers and long-term investors
- Assemblage allows for scalable phased development possibilities
- Utilities and infrastructure nearby (buyer to verify)
- Limited comparable development opportunities currently available locally
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