I-96 And Pleasant Vly Brighton, MI 48116
This exceptional commercial land offering presents a significant development opportunity in Brighton, Michigan. The property encompasses a total of approximately 20.53 acres situated at the southwest quadrant of I-96 and Pleasant Valley Road. The land is zoned RM-1, permitting residential multi-family development, making it ideal for apartment complexes or senior living facilities. This prime location offers unparalleled access to I-96, ensuring convenient connectivity for residents and businesses. The site consists of three parcels: 12-34-300-003 (approximately 9.08 acres), 12-34-300-001 (approximately 8.77 acres), and 12-34-300-002 (approximately 2.68 acres). Parcel 3 has had existing structures demolished, simplifying the development process. All necessary utilities are readily available, streamlining construction and reducing development costs. The property's size and zoning regulations provide ample flexibility for a variety of multi-family projects, catering to a growing demand for housing in the Brighton area. This is a rare opportunity to acquire a substantial parcel of land in a highly desirable location with excellent infrastructure and access to major transportation routes. The property's strategic location and zoning make it an attractive investment for developers seeking to capitalize on the robust housing market in Livingston County. Detailed parcel information and surveys are available upon request. The zip code is 48116.
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.