Prime Development Opportunity in Midtown - Cass Park
Vacant Land
for Sale
Sale Pending
| Catylist Listing ID: |
30497374 |
| Property Subtypes: |
Hospitality, Office, Retail, Other
|
| Status: |
Pending |
| Gross Land Area: |
37,500 SF
|
| Sale Price: |
$1,312,500 |
| Unit Price: |
$35 PSF |
| In Opportunity Zone? |
Yes |
| Adjacent Parcels Available: |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/7/2023 |
Overview / Comments
In partnership with the Detroit Building Authority (DBA), the City of Detroit’s Housing and Revitalization Department (HRD) and Planning and Development Department (P&DD) seek submissions from qualified entities to design and construct a new commercial development in the heart of the Cass Park neighborhood. Bid Information can be found in the Marketing Package attached. Bids are due by Friday, January 31st, 2020 @ 5:00pm.*
* HRD maintains the right to extend the above deadline at its sole discretion.
|
Additional Details
| Nearest MSA: |
Detroit-Warren-Dearborn |
| County: |
Wayne |
| Submarket/Township: |
Detroit - New Center |
| Taxing Authority: |
City of Detroit |
| Tax ID/APN: |
04003382., 04003380-1, 04003379., 04000595. |
| Zoning: |
B4 |
| Property Located Between: |
Peterboro and Charlotte |
| Property Visibility: |
Excellent |
| Legal Description: |
E THIRD 5 BLK 86 CASS FARM L1 P172 PLATS, W C R 4/28 50 X 150
E THIRD 4 BLK 86 CASS FARM L1 P172 PLATS, W C R 4/28 50 X 150
E THIRD 3 BLK 86 CASS FARM L1 P172 PLATS, W C R 4/28 50 X 150
N CHARLOTTE 1-2 BLK 86 CASS FARM SUB L1 P172 PLATS, W C R 4/28 150 X 100 |
| Largest Nearby Street: |
3rd St |
| Feet of Frontage: |
300 |
| Highway Access: |
M-10, I-75, and I-94 |
| Area Description: |
- Centrally between Midtown and the District Detroit
- Two blocks off of Woodward
- Two blocks from QLine (Light Rail)
- Close Proximity to numerous retailers |
| Lot Frontage: |
300 |
| Lot Depth: |
150 |
| Zoning Description: |
General Business District |
| Part of Planned Development?: |
Yes |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
17,640 |
123,632 |
328,652 |
| Median Age: |
38.43 |
36.54 |
34.86 |
| Households: |
9,443 |
53,364 |
126,358 |
|
The information presented herein is provided as is, without warranty of any kind.
Neither Commercial Property Information Exchange (CPIX) nor
Moody's assume any liability for errors or omissions.
|
