Multi-Family Redevelopment Opportunity

Vacant Land for Sale
Catylist Listing ID: 30495256
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 7,769 SF
Sale Price: $55,000
Unit Price: $7.08 PSF
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/26/2020

Overview / Comments

- Property zoned R5 allowing for multi-family development
- Close proximity to Jefferson Ave.
- Walking distance to nearby retail
- Walking Distance to Detroit River and Belle Isle

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Taxing Authority: City of Detroit
Tax ID/APN: 15008079.
Zoning: R5
Property Located Between: Kercheval and St.Paul St.
Legal Description: W E GRAND BLVD S 3 FT OF E 146.30 FT OF 9 E 146.30 FT OF 8 J B MC KAYS SUB L333 P304 DEEDS, W C R 15/152 53 X 146.30
Largest Nearby Street: Kercheval
Lot Frontage: 53
Lot Depth: 146
Zoning Description: W E GRAND BLVD S 3 FT OF E 146.30 FT OF 9 E 146.30 FT OF 8 J B MC KAYS SUB L333 P304 DEEDS, W C R 15/152 53 X 146.30

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,552 98,567 285,529
Median Age: 43.95 38.57 35.82
Households: 7,080 43,502 111,754
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.