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    OFF-MARKET
    Land

    0 Woodbridge Park Ave, Lapeer, MI 48446

    22.6 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 22.6-acre development site in Lapeer, Michigan, presents a unique opportunity for residential construction. Located in Lapeer County, with the address of Woodbridge Park Ave, zip code 48446, and situated south of Woodbridge Park Ave and east of Callis Road, this property boasts approved entitlements and is ready for immediate development. The land is zoned R-2 for single-family residential use, allowing for the construction of up to 144 units, as per the project plan. The site benefits from convenient access to municipal water and sewer utilities, eliminating the need for costly infrastructure development. Furthermore, the property falls within the highly regarded Lapeer Community Schools district, a significant draw for families. The parcel number is 21-83-000-000-01. With its prime location, approved entitlements, and readily available utilities, this land offers an exceptional investment opportunity for developers seeking to capitalize on the strong demand for residential housing in the area. The asking price for this remarkable property is $375,000. This is a turnkey opportunity to build a thriving residential community.

    Property profile
    Verified
    Property type Land
    Lot 22.6 ac (984,456 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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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