Property profile

71255 Mckay Rd Romeo, MI 48065

OFF-MARKET
Land
6.4 ac lot
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Property summary

AI-generated overview

This exceptional 6.4-acre parcel, located at 71255 McKay Road, Romeo, MI 48065 (APN 14-01-26-400-012), presents a unique opportunity. Currently zoned residential, this property offers approximately 3.5 net buildable acres due to the presence of two retention ponds. The asking price is $600,000, translating to a land value of $2.15 per square foot. Situated on the west side of McKay Road, just off 33 Mile Road, this location boasts convenient access to M-53, less than 0.15 miles away. City water and sewer are readily available on-site. The property's proximity to various residential and industrial developments, coupled with Bruce Township's openness to exploring commercial and other uses, makes it highly versatile. This single-ownership land parcel offers significant potential for a variety of development projects. The strategic location and ample acreage make this a compelling investment opportunity in a thriving area.

Property profile

Verified
Property type Land
Lot 6.4 ac (278,784 SF)

Cap rate & NOI

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

Location

71255 Mckay Rd Romeo, MI 48065
Romeo metro
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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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