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    OFF-MARKET
    Land

    63920 Mound Rd, Washington, MI 48095

    8 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 8 ac (348,480 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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