0 Woodbridge Park Ave, Lapeer, MI 48446
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.