3118 Newport RdCharter Township of Berlin, MI 48166

  • Commercial land
  • 2.71 AC

Property Details for 3118 Newport Rd

Lot size
2.71 AC
Property type
Commercial land
APN
03-001-110-10
APU
300111010

Description

This exceptional 2.71-acre commercial land parcel presents a prime opportunity for development in the thriving Charter Township of Berlin, Michigan. Strategically located at 3118 Newport Road, this property boasts unparalleled accessibility, situated minutes from both Downriver and Monroe, and conveniently positioned just off I-75 with easy on/off access at Exit 21, and near the 275 interchange. The site benefits from high visibility and strong surrounding businesses, including a Beaumont Family Group facility, Mary Sacco Pizza, and a busy Burger King/Marathon gas station. Its proximity to a major Meijer distribution center further enhances its desirability. The land is currently vacant and offers a blank canvas for build-to-suit projects, catering to a wide range of commercial ventures. This location provides excellent exposure to a significant volume of traffic, making it ideal for businesses seeking high visibility and convenient access for customers and employees. The property's size and location make it an attractive investment opportunity for developers seeking to capitalize on the area's growth potential. Additional acreage is available for sale next door, providing potential for expansion or consolidation. The property's zoning and permitted uses should be independently verified. This is a rare opportunity to acquire a substantial commercial land parcel in a high-demand location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $23,139,264
    Hospitality
    $21,195,442
    Educational
    $17,634,358
    Medical
    $18,240,832
    Retail
    $27,431,224

Location Insight

City
Newport
County
Monroe
State
Michigan
Latitude
42.0072
Longitude
-83.3199
CBSA code
33780
CBSA name
MONROE, 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
2023
$1,058
-
-
$24,100
-
-
-
$48,200

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