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    1435 Hospital Rd Waterford Township, MI 48327

    Sponsored
    For Sale
    $200,000

    1.38 Acres, R-1 Zoning, $200,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 1.38-acre commercial land parcel presents a unique investment opportunity in Waterford Township, Michigan. Located at 1435 S Hospital Rd, 48327, this property boasts a highly desirable R-1 zoning designation, opening doors to a variety of development possibilities. The site enjoys excellent visibility and accessibility, situated in the northeast quadrant of the intersection of Cooley Lake Road (17,200 cars per day) and South Hospital Road (9,200 cars per day), ensuring high traffic exposure for any future business. Adding to its appeal, Oakland Community College, with its approximately 3,000 students, is conveniently located less than half a mile away, creating a strong potential customer base. The surrounding area demonstrates robust demographics, with average household incomes exceeding $98,000 within a one-mile radius, indicating a high concentration of affluent residents. This prime location, combined with its size and zoning, makes this property an ideal canvas for a diverse range of commercial ventures. The asking price for this exceptional opportunity is $200,000. Don't miss out on this chance to acquire a valuable piece of commercial real estate in a thriving Michigan community.

    Property Features for 1435 Hospital Rd

    General Information

    Property type
    Land
    Lot Size
    60,113 SF

    HighLights

    • $200,000 asking price.
    • 1.38‑acre commercial land parcel.
    • R‑1 zoning.
    • Located at 1435 S Hospital Rd, Waterford Twp, MI 48327.
    • High traffic counts on nearby Cooley Lake Road and South Hospital Road.
    • Proximity to Oakland Community College.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterford Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4220519
    Latitude
    42.6165019

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    FAQs

    What type of property is this?
    Land - 1.38 Acres, R-1 Zoning, $200,000
    Where is this land located?
    The property is located at 1435 Hospital Rd Waterford Township, MI.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: $200,000 asking price.; 1.38-acre commercial land parcel.; R-1 zoning.
    (248) 488-2620
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    1435 Hospital Rd Waterford Township, MI 48327
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    Waterford Township, MI 48327
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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
    1435 Hospital Rd Waterford Township, MI 48327
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