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In-PersonVirtual Tour
$ 40,000
Est. payment | /mo
0.45 Acres Lot
$ 40,000
Est. payment | /mo
0.45 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251036431
Lot Size 0.450 Acres
Acres 0.45
Lot Dimensions 244x81
Source Realcomp
Property Description
New build opportunity located near the Congregation, Motown Museum and Henry Ford expansion. Get in on the new development in the vicinity. Zoned R3 Residential. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction S. of Virginia Park, E. of Rosa Parks
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 08007650.
Acceptable Financing Cash
Listing Terms Cash
Listed by Bellabay Realty Tri Counties
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Rick Genzink
REALTOR®