Property profile

0 Nec Of Wayne Rd & Hunter Ave Westland, MI 48185

OFF-MARKET
Land
1.8 ac lot
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Property summary

AI-generated overview

This exceptional 1.8-3.0 acre commercial land parcel presents a unique investment opportunity in the thriving Westland, Michigan market. Located at the northeast corner of Wayne Road and Hunter Avenue, this outlot benefits from its strategic placement adjacent to the highly successful MJR Cinemas, a 16-screen theater attracting over 700,000 patrons annually. The property's visibility is maximized by its corner location and proximity to a traffic signal. The site boasts a CB-1 zoning designation, offering flexibility for a variety of commercial developments. Surrounding businesses include a strong mix of national and regional retailers such as CVS, Rite Aid, Family Dollar, AutoZone, Tim Hortons, Taco Bell, and McDonald's, creating a vibrant and established commercial environment. This prime location offers excellent access to a substantial customer base and significant traffic flow, making it an attractive proposition for businesses seeking high visibility and convenient access. The asking price for this exceptional property is $800,000. Don't miss this chance to acquire a premier commercial land parcel in a rapidly growing area.

Property profile

Verified
Property type Land
Lot 1.8 ac (78,408 SF)

Cap rate & NOI

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

Location

Nec Of Wayne Rd & Hunter Ave Westland, MI 48185
Westland 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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