Property profile

3118 Newport Rd Newport, MI 48166

OFF-MARKET
Commercial land
Property ID
US43-0581482
2.71 ac lot
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2.71-acre commercial land parcel presents a prime opportunity for development in the thriving Charter Township of Berlin, Michigan. Strategically located at 3118 Newport Road, this property boasts unparalleled accessibility, situated minutes from both Downriver and Monroe, and conveniently positioned just off I-75 with easy on/off access at Exit 21, and near the 275 interchange. The site benefits from high visibility and strong surrounding businesses, including a Beaumont Family Group facility, Mary Sacco Pizza, and a busy Burger King/Marathon gas station. Its proximity to a major Meijer distribution center further enhances its desirability. The land is currently vacant and offers a blank canvas for build-to-suit projects, catering to a wide range of commercial ventures. This location provides excellent exposure to a significant volume of traffic, making it ideal for businesses seeking high visibility and convenient access for customers and employees. The property's size and location make it an attractive investment opportunity for developers seeking to capitalize on the area's growth potential. Additional acreage is available for sale next door, providing potential for expansion or consolidation. The property's zoning and permitted uses should be independently verified. This is a rare opportunity to acquire a substantial commercial land parcel in a high-demand location.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.71 ac (118,091 SF)
APN 03-001-110-10
UPID US43-0581482

Cap rate & NOI

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

Location

3118 Newport Rd Newport, MI 48166-9303
Newport metro Census 830200 MONROE, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2017
5 recorded transactions
2017
$15,500
2014
$266,000
2014
Price N/A
2009
Price N/A
2007
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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