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$ 145,000
Est. payment | /mo
11.7 Acres Lot
$ 145,000
Est. payment | /mo
11.7 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 21548841
Style Vacant Land
Annual Tax Amount $12,005
Lot Size 11.700 Acres
Acres 11.7
Lot Dimensions irregular
Property Description
This 11.7 acre parcel is zoned C2. In addition, it is Master planned Multi-family residential, giving the buyer the potential to develop the property for uses allowed within the C2 zoning district or to develop the property for multi-family residential use (e.g. apartments or condos) or to split the parcel for mixed use. The parcel was appraised by a Commercial Real Estate Appraiser (not a broker) for $195,000. The price was just reduced to $145,000 for quick sale, making this parcel price the lowest in the surrounding 342 square miles. The parcel is traversed by an abandoned county drain. No vertical development (e.g. a building) is allowed over the drain, but horizontal development ( e.g. a road) is allowed. This site is in close proximity to the new 84 acre Amazon Distribution Center in Romulus that is expected to bring in excess of 1,600 new jobs to the city and an economic impact of over 10.2 billion dollars to the city. This location has a traffic count of nearly 16,000 cars per day, Median Household Income of $44,000 and proximity to I-94 of 2.25 miles.
Location
State MI
County Wayne
Area Romulus (82121)
Zoning Commercial,Multi-Family
Building
Water Public Water
Schools
School District Romulus Community Schools
Others
Ownership Private
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by St. Arnold Commerical Realty
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