2552 Newport Charter Township Of Charter Township of Berlin, MI 48166
- Land
Current Use by Public Records
- Land
Property Details for 2552 Newport Charter Township Of
- Property type
- Land
Description
This exceptional 0-unit vacant land parcel in the Charter Township of Berlin, Monroe County, Michigan, presents a compelling investment opportunity. Located at 2552 Newport, 48166 (42.005934, -83.329611), this property is currently listed at $599,000. A significant advantage is a secured option to purchase this land within three years by a large company for renewable energy production at a price exceeding the current asking price. This provides investors with a defined timeframe and a clear path to substantial returns, regardless of whether the option is exercised. The property's prime location also makes it highly suitable for residential development, offering a secondary, lucrative potential use. This dual-purpose potential significantly mitigates risk and enhances the long-term value proposition. The property's strategic location and the existing option agreement combine to create a unique investment opportunity with both short-term and long-term growth potential. This is an ideal asset for investors seeking a blend of immediate return and future upside. The three-year timeline allows for strategic planning and decision-making, minimizing uncertainty and maximizing potential profits.
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
- Charter Township of Berlin
- County
- Monroe
- State
- Michigan
- Longitude
- -83.3296
- Latitude
- 42.0059
