Property profile

0 7.74 Acres On Pennsylvania Rd Romulus, MI 48164

OFF-MARKET
Land
7.74 ac lot
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Property summary

AI-generated overview

This exceptional 7.74-acre commercial land parcel in Romulus, Michigan, presents a significant opportunity for industrial development. Located in Wayne County, with the address of 7.74 Acres on Pennsylvania Road, and a zip code of 48164, this property boasts I-2 Heavy Industrial zoning, allowing for a wide range of uses including manufacturing, assembly, and fabrication. The expansive lot offers ample space for the development of a truck terminal or outdoor storage yard. The property features approximately 1710 feet of direct frontage along Commerce Drive, providing excellent accessibility. Strategically situated approximately 3 miles southwest of Detroit International Airport and approximately 2.1 miles west of I-275, this location offers convenient access to the entire regional expressway system. A key advantage is its adjacency to New Boston Rail Service, enhancing logistical capabilities. The property's APN is 75-017-02-0024-000. Offered at $375,000, this property represents a compelling investment in a thriving industrial area. Don't miss this chance to acquire a substantial land holding with significant development potential.

Property profile

Verified
Property type Land
Lot 7.74 ac (337,154 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7.74 Acres On Pennsylvania Rd Romulus, MI 48164
Romulus metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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