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2708 S Newburgh Rd Westland, MI 48186

Strip malls Google Maps
3,550 SF 0.24 ac lot Built 1970
Trust Owned 15-yr Hold Absentee Owner ~ Est. High Equity
2708 S Newburgh Rd, Westland, MI 48186 For Sale
Contact for pricing 3,550 SF
2708 S Newburgh Rd, Westland, MI 48186
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Estimated value (blended)
$135k
Range $122k – $149k (±10%)
Property ID US43-1798571

Property summary

AI-generated overview

This exceptional offering presents four contiguous parcels of vacant commercial land, totaling approximately one acre, situated at 2708 S Newburgh Rd, Westland, MI 48186. The property is zoned CB-1, a low-intensity commercial business district, allowing for a diverse range of development options. Permitted uses include a wide variety of retail establishments such as convenience stores, grocery stores, hardware stores, and personal service businesses like barber shops, dry cleaners, and tailor shops. Comparison commercial uses, including garden supply stores, appliance stores, and sporting goods stores, are also permitted. Furthermore, the CB-1 zoning allows for several special land uses, subject to the necessary approvals, including restaurants (with or without drive-throughs, subject to traffic studies), institutional uses such as schools and childcare centers, and, in accordance with Westland's ordinances, marijuana-related businesses. Accessory structures are permitted, subject to specific regulations outlined in the zoning code. This versatile property presents a significant opportunity for investors and developers seeking a strategic location in a thriving commercial area. The property's location offers excellent visibility and accessibility, making it an attractive proposition for a variety of businesses. Detailed zoning information is available upon request. The asking price for this exceptional opportunity is $144,900.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1970
Total area 3,550 SF
Lot 0.24 ac (10,454 SF)
APN 56 078 01 0031 002
UPID US43-1798571

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Nail Salon

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$135k

Owner & transaction history

since 2010
2 recorded transactions
2010
Price N/A
1969
Price N/A

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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