4200 Highland Rd, Waterford, MI 48328-2137
This exceptional 3.64-acre commercial land parcel presents a remarkable development opportunity in Waterford Township, Michigan. Located at 4200 Highland Road (M-59), this property boasts a prime location within a high-traffic retail corridor, situated on a Meijer pad site. The C-4 zoning allows for a variety of mixed-use developments, catering to a diverse range of commercial ventures. The site's strategic placement ensures high visibility and accessibility, benefiting from the established presence of numerous local and national businesses in the immediate vicinity. With a total asking price of $900,000, this translates to $247,252 per acre, reflecting the significant value and potential of this exceptional land offering. The property's APN is 13-22-277-015. This is an ideal investment for developers seeking a high-impact location with significant growth potential in a thriving commercial area of Oakland County. The property's size and zoning provide considerable flexibility for a wide range of development projects, making it an attractive proposition for both short-term and long-term investment strategies. Don't miss this chance to acquire a premier commercial land parcel in a highly desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.