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    FOR SALE
    Strip malls

    2708 S Newburgh Rd, Westland, MI 48186

    3,550 SF 0.24 ac lot Built 1970
    Trust Owned 15-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1798571
    2708 S Newburgh Rd, Westland, MI 48186 For Sale
    $114,900 3,550 SF
    2708 S Newburgh Rd, Westland, MI 48186
    View Listing →
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Nail Café 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
    by Request
    Owner & transaction history
    Lansu Harry J SR Trust · 15 yrs held
    Lansu Harry J SR Trust
    since 2010
    2 recorded transactions
    2010
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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