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    Cor Of Gibraltar Rd & Cambridge St Flat Rock, MI 48134

    Sponsored
    For Sale
    $195,000

    Prime 2.96-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.96-acre commercial land parcel presents a remarkable investment opportunity in Flat Rock, Michigan. Strategically located at the southwest corner of Gibraltar Road and Cambridge Street, this property boasts 530 linear feet of frontage along Gibraltar Road, ensuring high visibility and accessibility. The property's current zoning designation is Planned Unit Development (PUD), permitting a variety of commercial uses, including retail establishments and office spaces. This flexibility makes it an ideal site for a diverse range of developments, such as a neighborhood retail center, a daycare facility, or an office/medical complex. The expansive lot size provides ample space for substantial construction and ample parking. The property's location in Wayne County, Michigan, offers convenient access to major transportation routes and a thriving local community. With its prime location, flexible zoning, and attractive asking price of $195,000, this property represents a compelling investment opportunity for discerning buyers seeking to capitalize on the growth potential of Flat Rock's commercial market. The Assessor's Parcel Number (APN) is 58131010010303. This property is situated in the 48134 zip code.

    Property Features for 0 Cor Of Gibraltar Rd & Cambridge St

    General Information

    Property type
    Land
    Lot Size
    128,938 SF

    HighLights

    • $195,000 asking price for 2.96 acres of commercial land.
    • Located at the southwest corner of Gibraltar Road and Cambridge Street in Flat Rock, MI.
    • 530 linear feet of Gibraltar Road frontage.
    • PUD zoning permits retail or office development.
    • Suitable for a neighborhood retail center, daycare, or office/medical building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Flat Rock
    County
    Wayne
    State
    Michigan
    Longitude
    -83.261045
    Latitude
    42.094788

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    FAQs

    What type of property is this?
    Land - Prime 2.96-acre commercial lot.
    Where is this land located?
    The property is located at Cor Of Gibraltar Rd & Cambridge St Flat Rock, MI.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: $195,000 asking price for 2.96 acres of commercial land.; Located at the southwest corner of Gibraltar Road and Cambridge Street in Flat Rock, MI.; 530 linear feet of Gibraltar Road frontage.
    (248) 848-4133
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    Cor Of Gibraltar Rd & Cambridge St Flat Rock, MI 48134
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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
    Cor Of Gibraltar Rd & Cambridge St Flat Rock, MI 48134
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