Former University Motel For Sale

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30053891
Property Subtypes: Free-Standing Building, Mixed Use, Other
Status: Pending
Building Size (RSF): 17,500 SF
Gross Building Area: See Agent
Gross Land Area: 24,640 SF
Sale Price: $599,000
Unit Price: $34.23 PSF
Property Use Type: Vacant/Owner-User
Building Name: University Motel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/4/2018

Overview / Comments

- Midtown Redevelopment Opportunity
- Prime location
- Ideal for a Residential or Mixed-Use Development
- Adjacent to Wayne State University and TechTown
- One Block from New $50mm Pistons administrative offices and practice facility and Henry Ford Hospital administrative offices
- One Block from Wayne State University's new $93mm Biomedical research building
- Includes three buildings

Please contact the agent for more information regarding this listing.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit - New Center
Taxing Authority: City of Detroit
Tax ID/APN: 04003209., 04003210., 04003211.
Property Located Between: I-94 and Antoinette
Property Visibility: Excellent
Largest Nearby Street: Second Ave.
Highway Access: I-94
Total Number of Buildings: 3
Zoning Description: Special Development District, Commercial/Residential
Legal Description: W SECOND 11 BLK 17 CASS FARM CO LTD SUB L19 P35 PLATS, W C R 4/58 44 X 140; W SECOND 12-13BLK 17 CASS FARM CO LTD SUB L19 P35 PLATS,W C R 4/58 88 X 140; W SECOND 14 BLK 17 CASS FARM CO LTD SUB L19 P35 PLATS,W C R 4/58 44 X 140

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,639 161,922 402,145
Median Age: 34.95 35.95 35.03
Households: 10,456 67,148 152,311
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.