& Old US-23 Faussett Rd Fenton, MI 48430
- Self storage facilities
- 136,680 SF
- 10.00 lot acres
Current Use by Public Records
- Self storage facilities
Property Details for & Old US-23 Faussett Rd
- Lot size
- 10.00 lot acres
- Property size
- 136,680 SF
- Property type
- Self storage facilities
Description
This exceptional 10-acre development opportunity in Fenton, Michigan, presents a unique investment prospect in a high-demand recreational storage market. Located at the southwest corner of Faussett Road and US-23 (with approximately 46,250 vehicles daily), this strategically positioned site offers significant visibility and convenient access. Current plans encompass 136,680 rentable square feet across 317 units within seven metal-constructed buildings, designed to accommodate either large storage condominiums or individual boat and RV units. The property's prime location in Livingston County, near numerous lakes, marinas, campgrounds, and residential developments, ensures strong potential for occupancy. The area boasts an average household income within a three-mile radius of $124,552, indicating a robust consumer base. This site presents a rare chance to capitalize on the undersupplied market for high-quality boat and RV storage, offering investors the potential to create a Class-A asset in a thriving community. The property is situated approximately 10 minutes from downtown Fenton, 30 minutes from Ann Arbor, 50 minutes from Lansing, and one hour from Detroit, providing easy access to major population centers. The asking price is $1,450,000, with a price per square foot of $10.61. This fully entitled land offers a compelling opportunity for significant return on investment.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fenton
- County
- Livingston
- State
- Michigan
- Longitude
- -83.7656
- Latitude
- 42.7074
