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    63920 Mound Rd Washington, MI 48095

    Sponsored
    For Sale
    $495,000

    Prime Development Site: 8 Acres, City Utilities

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 8-acre industrial land parcel, identified by APN numbers 04-16-301-001 and 04-16-301-002, presents a remarkable opportunity for developers. Located at 63920 Mound Road, Washington, Michigan, 48095, this property is zoned R-1B and offers significant potential. The asking price is $495,000, translating to a land value of $348,480 per square foot. Situated in the desirable Romeo Community School District, this site boasts convenient access to city water and natural gas utilities, making it ideal for various development projects. Preliminary assessments suggest the potential for the creation of approximately eight individual homesites, each measuring approximately 80 feet by 250 feet. This prime location, coupled with its readily available infrastructure and zoning, makes this an attractive investment for builders seeking a high-value development opportunity in Macomb County. The property's coordinates are 42.763733610099905 latitude and -83.05753199221812 longitude. Serious inquiries are encouraged.

    Property Features for 63920 Mound Rd

    General Information

    Property type
    Land
    Lot Size
    348,480 SF

    HighLights

    • Excellent development opportunity; eight potential 80' x 250' homesites.
    • City water and natural gas utilities available.
    • Located within the Romeo Community School District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency HVAC Service Computer & Electronic Repair

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Macomb
    State
    Michigan
    Longitude
    -83.057531992218
    Latitude
    42.7637336101

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    FAQs

    What type of property is this?
    Land - Prime Development Site: 8 Acres, City Utilities
    Where is this land located?
    The property is located at 63920 Mound Rd Washington, MI.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Excellent development opportunity; eight potential 80' x 250' homesites.; City water and natural gas utilities available.; Located within the Romeo Community School District.
    Request Owner's contact information
    63920 Mound Rd Washington, MI 48095
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    Washington, MI 48095
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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
    63920 Mound Rd Washington, MI 48095
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