For Sale
$599,000

2552 Newport Charter Township Of Charter Township of Berlin, MI 48166

Vacant land, renewable energy potential, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 0-unit vacant land parcel in the Charter Township of Berlin, Monroe County, Michigan, presents a compelling investment opportunity. Located at 2552 Newport, 48166 (42.005934, -83.329611), this property is currently listed at $599,000. A significant advantage is a secured option to purchase this land within three years by a large company for renewable energy production at a price exceeding the current asking price. This provides investors with a defined timeframe and a clear path to substantial returns, regardless of whether the option is exercised. The property's prime location also makes it highly suitable for residential development, offering a secondary, lucrative potential use. This dual-purpose potential significantly mitigates risk and enhances the long-term value proposition. The property's strategic location and the existing option agreement combine to create a unique investment opportunity with both short-term and long-term growth potential. This is an ideal asset for investors seeking a blend of immediate return and future upside. The three-year timeline allows for strategic planning and decision-making, minimizing uncertainty and maximizing potential profits.

Highlights

  • 0-unit vacant land parcel in Berlin Charter Township, Monroe County, MI.
  • Listed at $599,000.
  • Secured 3-year option to purchase by a large renewable energy company at a price exceeding the asking price.
  • Suitable for residential development.

Property Details for 2552 Newport Charter Township Of

Property type
Land

Location Insight

City
Charter Township of Berlin
County
Monroe
State
Michigan
Latitude
42.005934
Longitude
-83.329611

FAQs

What type of property is this?
Land - Vacant land, renewable energy potential, high ROI.
Where is the land located?
The property is located at 2552 Newport Charter Township Of Charter Township of Berlin, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 0-unit vacant land parcel in Berlin Charter Township, Monroe County, MI.; Listed at $599,000.; Secured 3-year option to purchase by a large renewable energy company at a price exceeding the asking price.
How can I contact the broker?
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2552 Newport Charter Township Of
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