Exceptional 40 acre development site, with multiple walkout elevations and desirable pond sites in sought after Rochester School District on paved Stoney Creek Road. Natural gas at road. Across from new subdivision development. Myth Golf Course is just across the road. Township density for this property is 1.4-acre low residential density which adds great development potential. Currently has a 3 bed, 2 bath home on the property vacant with tenants just moved out. Could be rented for $1,750 to $2,000 per month which would be a great asset for investment holding or during planning and development. Also has a 5 year renewable lease of negligible .012 acres with Verizon for $1,700 per month providing a continuous cash flow (value with a cap rate of 6% value is $283,000). Rare investment opportunity for development, short term residential lease and long-term cash flow from Verizon lease.
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