& Old US-23 Faussett RdFenton, MI 48430

Property Details for & Old US-23 Faussett Rd

Lot size

10.00 AC

Property size (Sq ft)

136,680 SF

Property type

Self storage facilities

Description

This exceptional 10-acre development opportunity in Fenton, Michigan, presents a unique investment prospect in a high-demand recreational storage market. Located at the southwest corner of Faussett Road and US-23 (with approximately 46,250 vehicles daily), this strategically positioned site offers significant visibility and convenient access. Current plans encompass 136,680 rentable square feet across 317 units within seven metal-constructed buildings, designed to accommodate either large storage condominiums or individual boat and RV units. The property's prime location in Livingston County, near numerous lakes, marinas, campgrounds, and residential developments, ensures strong potential for occupancy. The area boasts an average household income within a three-mile radius of $124,552, indicating a robust consumer base. This site presents a rare chance to capitalize on the undersupplied market for high-quality boat and RV storage, offering investors the potential to create a Class-A asset in a thriving community. The property is situated approximately 10 minutes from downtown Fenton, 30 minutes from Ann Arbor, 50 minutes from Lansing, and one hour from Detroit, providing easy access to major population centers. The asking price is $1,450,000, with a price per square foot of $10.61. This fully entitled land offers a compelling opportunity for significant return on investment.

Location Insight

City

Fenton

County

Livingston

State

Michigan

Latitude

42.7074

Longitude

-83.7656

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