5845 John R Rd Troy, MI 48085
- Land
- 9.16 lot acres
Current Use by Public Records
- Land
Property Details for 5845 John R Rd
- Lot size
- 9.16 lot acres
- Property type
- Land
Description
This exceptional 9.16-acre parcel presents a prime residential development opportunity in Troy, Michigan. Located in the affluent Oakland County, this R-1C zoned land boasts 280 feet of frontage on John R Road and a depth of 1,268 feet. The property's zoning, R-1C, designates it for low-density, single-family detached dwellings, allowing for a variety of house sizes and designs. The site benefits from readily available utilities, including water, sewer, gas, electricity, phone, and cable. Situated in a highly desirable area, the property enjoys excellent demographics, with an average household income within a one-mile radius exceeding $163,400. The property's location and zoning regulations make it ideal for developers seeking to create an exclusive residential community. The asking price is $2,977,000, translating to approximately $325,000 per acre. The parcel's APN is 20.11.226.037. This is a rare opportunity to acquire a substantial land holding in a prime Troy location, perfectly suited for high-value residential development. The property's size and location offer significant potential for a lucrative development project.
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
- Troy
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1126
- Latitude
- 42.605
