Property profile

0 Vinewood 2 Romulus, MI 48174

OFF-MARKET
Land
0.52 ac lot
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Property summary

AI-generated overview

This exceptional 0.52-acre commercial land parcel presents a unique investment opportunity in Romulus, Michigan. Located in Wayne County, this property boasts a desirable location with convenient access to major roadways. The lot features 70 feet of frontage and an impressive 325 feet of depth, providing ample space for a variety of development projects. Currently zoned for residential use, this versatile property offers significant potential for future development. The asking price is $25,000, translating to a price per acre of $48,076.92. The property's APN is 80015990025000. Its generous dimensions allow for substantial building space and maneuverability during construction. An adjacent lot is also available for purchase, presenting an opportunity to acquire a larger contiguous parcel for a more extensive development project. This prime location in Romulus, with its convenient access and zoning potential, makes this an attractive proposition for discerning investors seeking a valuable land asset in a growing area. The property is situated at Vinewood 2, Romulus, MI 48174.

Property profile

Verified
Property type Land
Lot 0.52 ac (22,651 SF)

Cap rate & NOI

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

Location

Vinewood 2 Romulus, MI 48174
Romulus metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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