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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
Listing Status Active
Purchase Type For Sale
MLS Listing ID 219001314
Originating Board Realcomp II Ltd
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.
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
Zoning Commercial,Multi-Family
Direction Exit I-94 at Wayne Rd. , Go North
Exterior
Road Frontage Paved
Building
Sewer Sewer at Street
Water Public (Municipal)
Schools
School District Romulus
Others
Tax ID 80017990003000
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Financing Cash,Contract,Conventional
©2024 Realcomp II Ltd. Shareholders
Listed by Ullrich Arnold of St. Arnold Commerical Realty
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