800 Newport Rd Carleton, MI 48166
- Land
- 36.35 lot acres
Current Use by Public Records
- Land
Property Details for 800 Newport Rd
- Lot size
- 36.35 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 36.35-acre agricultural property in Carleton, Monroe County, Michigan, presents a unique investment opportunity. Located at 800 E. Newport Road, the land boasts 500 feet of frontage along Telegraph Road, offering potential for future commercial development, subject to zoning changes. Currently zoned AGRICULTURAL (APN: 07-003-032-00), the property is ideally situated directly north of Ford Motor Company's substantial new distribution center. The asking price is $4,000,000, translating to $75,000 per acre. The site is prepped for trailer parking or laydown area, with a potential monthly lease rate of $4,500 per acre for this use. Its strategic location provides easy access to major expressways, I-275 and I-75, enhancing its logistical appeal. While the current zoning is agricultural, the Telegraph Road frontage presents a compelling case for potential rezoning to accommodate commercial development. This property offers significant upside potential for investors seeking land with diverse development possibilities in a rapidly growing area. The zip code is 48166. The latitude and longitude coordinates are 42.0072516 and -83.3644847 respectively.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carleton
- County
- Monroe
- State
- Michigan
- Longitude
- -83.3645
- Latitude
- 42.0073
