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31784213
31784212

245 S Paddock St, Pontiac, MI 48342 For Sale

KH
MI 6501402939
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
Unpriced
94 days on market
Updated 94 days ago

S Paddock Redevelopment | Senior Living

Details
Property Type Land
Sub Type Commercial, Residential
Acreage 3.150
Zoning A1

Land | 3.15 acres

Marketing description

The West Manor Senior Apartments site presents a shovel-ready redevelopment opportunity with minimal entitlement risk and a clear path to construction. Previously approved for a 90-unit, four-story senior housing development totaling approximately 92,000 square feet, the project has secured key approvals including zoning, site plan, engineering, and architectural clearances—allowing an investor to move directly into permitting and vertical construction. Following a prior casualty event, the site now offers a clean slate for modern development, enabling updated design, construction efficiencies, and full compliance with current building standards.

Planned as a mixed-income community with 44 rent-restricted and 46 market-rate units, the project supports a diversified revenue strategy and aligns well with financing tools such as LIHTC, HOME funds, and conventional debt. Situated on a 3.14-acre site with strong frontage along S. Paddock, Willard, and Cottage Streets, the property benefits from proximity to healthcare, retail, and major employment centers in Oakland County— supporting long-term demand for senior housing. With its entitlement certainty, strong fundamentals, and potential for service-enhanced living, this opportunity offers a compelling path to stabilized yield and long-term value creation

Investment highlights

  • Shovel-Ready Development Site – Fully entitled for a 90-unit senior housing project, significantly reducing pre-development timeline and risk.
  • All Major Approvals Secured – Zoning, site plan, engineering, and architectural approvals completed; permits are the primary remaining step.
  • Institutional-Quality Scale – Planned as a 4-story, 92,000 SF senior living community with strong unit density.
  • Service-Driven Revenue Upside – Ability to incorporate optional services such as meals, transportation, and wellness programs.
  • Prime 3.14-Acre Location – Strong frontage along S. Paddock, Willard, and Cottage Streets with excellent accessibility.
  • Strong Market Fundamentals – Located in Oakland County with proximity to healthcare systems, employment hubs, and sustained senior housing demand.

Listing Contacts

KH
MI 6501402939
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

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