$195,000

This 11.7 acre parcel is zoned C2. In addition, it is Master planned Multi-family residential, giving the buyer the potential to develop the property for uses allowed within the C2 zoning district or to develop the property for multi-family residential use (e.g. apartments or condos) or to split the parcel for mixed use. The parcel was appraised by a Commercial Real Estate Appraiser (not a broker) for $195,000. The asking price is the price this land was appraised for. This parcel is the lowest for property zone C2 in the surrounding 342 square miles. The parcel is traversed by a county drain. No vertical development (e.g. a building) is allowed over the drain area, but horizontal development ( e.g. a road) is allowed. This site is in close proximity to the 84 acre Amazon Distribution Center in Romulus that is expected to bring in excess of 1,600 new jobs to the city and an economic impact of over 10.2 billion dollars to the city. This location has a traffic count of nearly 16,000 cars per day, Median Household Income of $44,000 and proximity to I-94 of 2.25 miles.