14500 King RdRiverview, MI 48193

  • Commercial land
  • 1.00 AC
For Sale
$95,000 View listing

Property Details for 14500 King Rd

Lot size
1.00 AC
Zone code
OS1-OFF
Property type
Commercial land
APN
51 018 01 0003 000
APU
51018010003000

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$2,984
-
-
$43,700
-
-
-
$87,400

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