2552 Newport Rd Newport, MI 49166
Estimated payment $4,141/month
About This Lot
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
Listing Agent
Coldwell Banker Haynes R.E. in Monroe License #MCAR-6501447424 Listed on: 07/29/2024
Property Details
Property Type
- Land
Est. Annual Taxes
Lot Details
- 55 Acre Lot
- 400 Ft Wide Lot
- Property is zoned Agricultural
Listing and Financial Details
- Assessor Parcel Number 03 002 042 10, 03 002 042 00
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/15/2025 01/15/25 | Price Changed | $595,000 | -0.7% | -- |
| 08/15/2024 08/15/24 | Price Changed | $599,000 | -6.1% | -- |
| 07/29/2024 07/29/24 | For Sale | $638,000 | -- | -- |
Source: Michigan Multiple Listing Service
MLS Number: 50150131
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Source MLS: MiRealSource
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