This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
6130 Wayne Rd - 6130 Wayne Road
11.8 Acres of Residential Land Offered at $145,000 in Romulus, MI 48174
Executive Summary
The property was appraised by a commercial real estate appraiser ( not a broker) for $195,000. The price was recently reduced to $145,000. Either way, it is the lowest cost per acre in a 10 mile radius.
A abandoned county drain crosses the parcel. Vertical development is not allowed on the drain, but horizontal development over the drain is allowed.
With good demographics and traffic counts, you might want to share this listing with developers looking for a good investment. It is priced attractively with the lowest price per acre of any property zoned C or RM in a 10 mile radius ( This is the surrounding 341 square miles).
The parcel is flat and has no easement or flood zone restrictions that would impact on development. 100% of this land can also be used for Multi-Family Residential project.
6130 Wayne Road on the west side of Wayne Road. It is located south of Van Born and north of Beverly Road. It is 3 1/2 miles from Detroit Metro Airport and 2 miles from I-94 entrance ramp.
Property Facts
| Price | $145,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 11.80 AC |
| Price | $145,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 11.80 AC |
1 Lot Available
Lot 1
| Price | $145,000 | Lot Size | 11.80 AC |
| Price Per AC | $12,288 |
| Price | $145,000 |
| Price Per AC | $12,288 |
| Lot Size | 11.80 AC |
Description
This 11.8 acre parcel is zoned C2 commercial. This property is also master planned RM for multi-family residential so the . The property is flat land with a combination of field and woods. Approximately 60% of the property has been cleared. The lot is L-shaped with 460' of highway frontage on Wayne Road and is 1959' deep. The back of the property backs up to railroad tracks. It is 2.3 miles from the I-94 Interstate freeway The property has good demographics with a traffic count of 16,000 cars per day, over 51,000 people in the surrounding 3 mile radius. The median household income is over $42,000 in the surrounding mile.
PROPERTY TAXES
| Parcel Number | 80-017-99-0003-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $96,600 |
PROPERTY TAXES
zoning
| Zoning Code | C2, RM (This parcel is zoned C2. Uses allowed inthe C2 zoning district may be downloaded from the listing. This parcel is also Master Planned Multi-Family.) |
| C2, RM (This parcel is zoned C2. Uses allowed inthe C2 zoning district may be downloaded from the listing. This parcel is also Master Planned Multi-Family.) |
-
Joe Arnold, CCIM -
St. Arnold Commercial Realty
Presented by
6130 Wayne Rd - 6130 Wayne Road
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.