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6130 Wayne Rd - 6130 Wayne Road 11.8 Acres of Residential Land Offered at $195,000 in Romulus, MI 48174
EXECUTIVE SUMMARY
The property was appraised by a commercial real estate appraiser ( not a broker) for $195,000. The price is $195,000. A land contract is possible.
An 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).This property was appraised for $195,000 and it is offered at the appraised price.
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
1 LOT AVAILABLE
Lot 1
| Price | $195,000 | Lot Size | 11.80 AC |
| Price Per AC | $16,525.42 |
| Price | $195,000 |
| Price Per AC | $16,525.42 |
| Lot Size | 11.80 AC |
This 11.7 acre parcel is zoned Commercial C-2. It is also Master planned Multi-Family residential RM. The property could be split for a mixed use development. The property was appraised by a commercial real estate appraiser ( not a broker) for $195
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 | $71,500 |
PROPERTY TAXES
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6130 Wayne Rd - 6130 Wayne Road
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