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    M-59 And Pontiac Lk Rd Waterford Township, MI 48328

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    For Sale
    Contact for pricing

    8.2 Acres, High Visibility, M-59 Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8.213-acre commercial land parcel presents a prime development opportunity in Waterford Township, Michigan. Located at the intersection of M-59 and Pontiac Lake Road, this property boasts significant visibility and accessibility, with approximately 713.43 feet of frontage on the heavily trafficked M-59 highway. The site is zoned for General Business use, allowing for a wide range of development possibilities. All necessary utilities, including water and sewer, are readily available along M-59 directly adjacent to the property, simplifying the development process. A key advantage is the existing Cross Access Agreement with a Lowe's Home Improvement Warehouse, enhancing convenience and potential synergy for future businesses. This strategic location in Oakland County, with a 48328 zip code, offers unparalleled exposure and access to a thriving consumer base. The property's size and zoning make it ideal for build-to-suit projects or larger-scale commercial developments. This is a rare opportunity to acquire a highly desirable commercial site in a rapidly growing area. Don't miss this chance to secure a prominent location for your next venture.

    Property Features for M-59 And Pontiac Lk Rd

    General Information

    Property type
    Land
    Lot Size
    357,758 SF

    HighLights

    • 8.213‑acre prime commercial land parcel.
    • 713.43 feet of frontage on Highland Road (M‑59).
    • Water and sewer utilities available at the M‑59 street frontage.
    • Cross access easement with Lowe's Home Improvement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waterford Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.45639981
    Latitude
    42.65784929

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    FAQs

    What type of property is this?
    Land - 8.2 Acres, High Visibility, M-59 Frontage
    Where is this land located?
    The property is located at M-59 And Pontiac Lk Rd Waterford Township, MI.
    What are key features of this property?
    This property features: 8.213-acre prime commercial land parcel.; 713.43 feet of frontage on Highland Road (M-59).; Water and sewer utilities available at the M-59 street frontage.
    (248) 353-0500
    Request Owner's contact information
    M-59 And Pontiac Lk Rd Waterford Township, MI 48328
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    M-59 And Pontiac Lk Rd Waterford Township, MI 48328
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