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    Retail properties & Spaces

    24279 Arsenal Rd, Brownstown, MI 48134

    1 SF 19.9 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 19.9-acre parcel, located at 24279 Arsenal Road in Brownstown, Michigan (zip code 48134), presents a remarkable opportunity for residential development. Boasting approximately 600 feet of frontage along Arsenal Road, this property offers unparalleled visibility and accessibility. The land, formerly a farm, is largely cleared and ready for immediate development. All essential utilities—water, gas, sewer, and electric—are readily available on-site, simplifying the construction process. The property is zoned R-1, permitting single-family residential construction, aligning perfectly with the high demand for housing in this area. Its strategic location adjacent to the Del Webb Bridgewater development further enhances its desirability and potential for significant return on investment. The Wayne County parcel, APN 70 058 99 0010 000, has an assessed property tax of $7,036. While the listed square footage is 1 square foot, this reflects the existing structure, not the overall land area. This is a prime opportunity to capitalize on the burgeoning residential market in a desirable location. The expansive acreage and convenient access make this an exceptional investment for developers seeking a high-impact project. The asking price for this exceptional development opportunity is $400,000.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 1 SF
    Lot 19.9 ac (866,844 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
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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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