This exceptional 1-acre commercial land parcel presents a remarkable investment opportunity in the thriving Riverview, Michigan market. Located in the heart of the medical and professional office district, this property boasts an ideal location with convenient access to major healthcare facilities, including Henry Ford Brownstown, Wyandotte, and Beaumont Trenton Hospitals. The site is zoned OS-1, Office Service District, allowing for a variety of development possibilities. All utilities are readily available at the property line, simplifying the development process. The property's advantageous location, combined with its zoning and utility access, makes it an attractive prospect for developers seeking to capitalize on the area's strong growth trajectory. The parcel features a total area of one acre, as indicated by the lot size. The Wayne County Assessor's Parcel Number (APN) is 51 018 01 0003 000. The current annual property tax assessment is $3,058. This property is offered at a compelling price of $95,000, representing a significant value proposition for discerning investors. The address is 14500 King Rd, Riverview, MI 48193.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$8,969,710
Hospitality
$8,216,206
Educational
$6,835,788
Medical
$7,070,880
Retail
$10,633,447
Location Insight
City
Riverview
County
Wayne
State
Michigan
Latitude
42.1563
Longitude
-83.1988
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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