63920 Mound Rd, Washington, MI 48095
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.