An exceptional investment opportunity with significant potential for return awaits. A large company has secured an option to purchase this property within 3 years for the use of renewable energy production at a price significantly above the price offered by the seller today. The future holds promise whether or not the option is exercised. Key features include its prime location and dual potential. The site is ideally suited for residential development, making it a valuable asset for potential future projects in the event the renewable energy project does not proceed. With only 3 years left on the contract, investors have a clear timeline for decision-making and planning. This property offers a unique blend of immediate potential and long-term value, making it an attractive proposition for forward-thinking investors. Berlin Twp
Lot/land
$595,000
2552 Newport Rd, Newport, MI 48166
--beds
--baths
55Acres
Unimproved Land
Built in ----
55 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Prime location
- 397 days
- on Zillow |
- 97 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: February 03, 2025 at 11:50am
Listed by:
Cole McNew 734-624-4923,
Coldwell Banker Haynes R.E. in Monroe 734-242-8484,
Tom Fritz 734-625-7100,
Coldwell Banker Haynes R.E. in Monroe
Source: MiRealSource,MLS#: 50150131
Originating MLS: Southeastern Border Association REALTORS

Travel times
Facts & features
Property
Features
- Frontage type: Road
- Frontage length: 400
Lot
- Size: 55 Acres
- Dimensions: 400 x 928 irr
- Features: Large Lot - 65+ Ft., Main Street
Details
- Parcel number: 0300204210
- Zoning description: Agricultural
Utilities & green energy
- Sewer: Public At Street
- Water: Public Water at Street
- Utilities for property: Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Newport
Financial & listing details
- Tax assessed value: $109,800
- Annual tax amount: $12,181
- Date on market: 7/29/2024
- Cumulative days on market: 397 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership type: LLC
- Road surface type: Paved
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