Property summary
This exceptional 0.6-acre residential land parcel presents a unique opportunity for development in the desirable city of Royal Oak, Michigan. Located at 28992 Woodward Avenue, this single-tenant lot is zoned B-1, offering flexibility for residential construction. The property boasts a generous lot size, providing ample space for a new home. Its prime location in Oakland County offers easy access to local amenities, including shopping, dining, and entertainment. The address is conveniently situated on Woodward Avenue, providing excellent visibility and accessibility. This is an ideal site for those seeking to build a custom home in a thriving community. The property's single-tenant designation ensures a straightforward development process. With its significant size and favorable zoning, this land parcel represents a rare chance to create a personalized residence in a highly sought-after area. The 48067 zip code further underscores the desirability of this location. Serious inquiries are encouraged to explore the potential of this exceptional building site. The property is ready for immediate development, allowing for a quick turnaround on construction. This is a truly remarkable opportunity to build your dream home in a vibrant and convenient location. The 0.6-acre lot provides ample space for landscaping and outdoor living.
Property profile
VerifiedCap rate & NOI
Current use
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Atm
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Gas Station
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Gas Station
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Atm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GEN BUS · Royal Oak, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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