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Property profile

6335 Park Lake Rd Bath, MI 48808

Commercial land
Property ID
US43-2132097
View Sample
2.32 ac lot
Entity Owned Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional 14.92-acre parcel located at 6335 Park Lake Road in Bath Township, Michigan (48808), presents a unique development opportunity. Zoned for high-density residential use (HI DENSITY RES.), this property offers significant potential for a variety of projects. The land boasts a desirable waterfront location on Park Lake, providing stunning views and recreational possibilities. Previously utilized as a manufactured housing community, the site is now ready for redevelopment. The property's strategic location is further enhanced by its proximity to new developments, suggesting a thriving and growing neighborhood. The assessed parcel number (APN) is 010-330-000-007-00. With a total asking price of $690,000, this translates to a land value of $46,246 per acre. This presents a compelling investment opportunity for developers seeking to capitalize on the area's growth and the property's prime waterfront location. The property's size and zoning regulations allow for a wide range of development possibilities, making it an attractive prospect for both residential and mixed-use projects. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.32 ac (101,146 SF)
Zoning code HDR
APN 010-330-000-007-00
UPID US43-2132097

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

Zoning & alternative use

HDR · Bath, MI

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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