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    OFF-MARKET
    Land

    0 Sandborn Rd, Manchester, MI 48158

    18.27 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 18.27-acre parcel presents a unique investment opportunity in the thriving community of Manchester, Michigan. Located in Washtenaw County, this property is zoned AR - RURAL AGRICULTURE DISTRICT / PUD, offering significant potential for residential development. The land is ideally situated on Sandborn Rd, with convenient access to local amenities and infrastructure. Currently entitled for the construction of 26 single-family homes, this represents the third phase of the successful Emerald Glen of Manchester condo development. Pre-engineering and approvals are already in place, streamlining the development process and minimizing potential delays. The site boasts a desirable blend of natural features, including mature trees and favorable topography, creating an attractive setting for a high-quality residential community. The asking price is $850,000, translating to a land value of $42,524 per square foot. The property's APN is PM-16-10-105-002. This is a rare chance to capitalize on the strong growth trajectory of Washtenaw County and create a thriving residential neighborhood. The site's pre-approved status and desirable location make it an exceptionally attractive proposition for developers seeking a turnkey project with significant upside potential. Don't miss this opportunity to acquire a prime piece of land in a rapidly expanding market. The zip code is 48158.

    Property profile
    Verified
    Property type Land
    Lot 18.27 ac (795,841 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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