$ 599,000
2552 Newport Newport, MI 48166
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$ 599,000
Est. payment | /mo
55 Acres Lot
$ 599,000
Est. payment | /mo
55 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Lot
Listing Status Active
Purchase Type For Sale
MLS Listing ID 50150131
Originating Board MiRealSource
Lot Size 55.000 Acres
Acres 55.0
Lot Dimensions 400 x 928 irr
Property 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
Location
State MI
County Monroe
Area Monroe County - 60
Zoning Agricultural
Exterior
View Y/N No
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Coldwell Banker Haynes R.E. in Monroe
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Mike Himes
Lic# 501408694