$ 599,000
2552 Newport Road Newport, MI 48166
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 599,000
Est. payment /mo
Active
2552 Newport Road Newport, MI 48166
55 Acres Lot
UPDATED:
08/15/2024 01:19 PM
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 50150131
Style Vacant Land
Annual Tax Amount $12,181
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 forward-thinking investors. Berlin Twp
Location
State MI
County Monroe
Area Newport (58027)
Zoning Agricultural
Exterior
Waterfront No
Building
Lot Description Large Lot - 65+ Ft.
Water Public Water at Street
Schools
School District Jefferson Schools-Monroe Co
Others
Ownership LLC
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Coldwell Banker Haynes R.E. in Monroe