0 3.8 Acres Sibley Rd, Romulus, MI 48174
This exceptional 3.8-acre parcel, located on Sibley Road in Brownstown, Michigan (zip code 48174), presents a remarkable investment opportunity. The property, identified by APN 70-009-99-0015-712, is zoned B-1, Local Business, offering considerable flexibility for development. A previously approved site plan exists for a 48-unit multi-family residential complex, making this an ideal site for developers seeking a streamlined path to construction. Alternatively, the flexible zoning allows for a range of uses, including retail and office spaces, catering to diverse development strategies. The land's strategic location offers excellent accessibility, situated on the north side of Sibley Road, east of Telegraph Road, and enjoys convenient proximity to I-75 and I-275, ensuring strong connectivity and visibility. The asking price for this exceptional property is $599,000. Detailed information regarding the previously approved multi-family site plan is available upon request. This presents a unique chance to acquire a substantial land holding with significant development potential in a high-growth area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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