$595,000
Active

2552 Newport Road

Newport, MI 48166
55.00 acres | #57050150131
Browse 2 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

An exceptional investment opportunity with significant potential for return awaits. A large company has secured an option to purchase this property within 3 years for the use of renewable energy production at a price significantly above the price offered by the seller today. The future holds promise whether or not the option is exercised. Key features include its prime location and dual potential. The site is ideally suited for residential development, making it a valuable asset for potential future projects in the event the renewable energy project does not proceed. With only 3 years left on the contract, investors have a clear timeline for decision-making and planning. This property offers a unique blend of immediate potential and long-term value, making it an attractive proposition for forward-thinking investors. Berlin Twp

  • Property Details
      • Parcel Number03 002 042 10, 03 002 042 00
      • Sewer InformationPublicSewer, SewerAtStreet
      • School DistrictJeffersonSchoolsMonroeCo
      • Utility SourceWateratStreet
      • MLS #57050150131
      • MLS #57050150131
      • Original List Price$638,000
      • Taxes Annual$12,181
      • CountyMonroe
      • Cost595000
      • Property SubtypeLand
      • Days on Market (Cumulative)269
      • Acres55
      • Hoa1

Location

Joseph DarwishRe/Max Platinum
OR

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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