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: 11/14/2017

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.
Zoning: SPECIAL DEVELOPMENT DISTRICT, COMMERCIAL/RESIDENTIAL
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

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
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