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    Vacant Beverly Rd Romulus, MI 48174

    For Sale
    Contact for pricing

    Prime Industrial Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.54-acre parcel of land presents a remarkable opportunity for industrial development in Romulus, Michigan. Located on Vacant Beverly Road, in Wayne County, this property boasts an ideal location with convenient access to major transportation routes (specific details not provided). The land is zoned for industrial use, making it perfectly suited for a variety of projects, from warehousing and distribution centers to light manufacturing facilities. The site is currently vacant, offering a clean slate for new construction. This presents a significant advantage, allowing for complete customization to meet specific project requirements. Furthermore, the property's location within Wayne County may qualify for tax credits designed to incentivize new development, potentially reducing the overall cost of the project. The seller is willing to consider build-to-suit options, offering flexibility and collaboration throughout the development process. This is a rare opportunity to acquire a sizable, well-located industrial land parcel in a thriving area. The property's zoning, vacant status, and potential tax incentives combine to create a compelling investment proposition for developers seeking a strategic location in the Romulus, Michigan market. The zip code for this property is 48174. The latitude and longitude coordinates are 42.2601378 and -83.3434973 respectively.

    Property Features for 0 Vacant Beverly Rd

    General Information

    Property type
    Commercial land
    Lot Size
    67,082 SF

    HighLights

    • Vacant Land Parcel Available
    • Owner Financing Available
    • Industrially Zoned
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3434973
    Latitude
    42.2601378

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    FAQs

    What type of property is this?
    Commercial land - Prime Industrial Development Site
    Where is this commercial land located?
    The property is located at Vacant Beverly Rd Romulus, MI.
    What are key features of this property?
    This property features: Vacant Land Parcel Available; Owner Financing Available; Industrially Zoned
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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
    Vacant Beverly Rd Romulus, MI 48174
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