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$ 17,325
Est. payment | /mo
8,276 Sqft Lot
$ 17,325
Est. payment | /mo
8,276 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Municipality Hamtramck City
Subdivision Hamtramck City
MLS Listing ID 20240062001
Originating Board Realcomp
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 63 x 131
Property Description
Welcome to the latest offering from the Detroit Land Bank Authority. Vacant lot located in the Buffalo/Charles area on the border of Hamtramck. Excellent opportunity to build in an up and coming community with over 8300 sqft. to work with.The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. 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 Detroit Land bank Authority 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 abatements and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction Mcnichols go east to mound south to luce east to gable
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 130127334
Acceptable Financing Cash
Listing Terms Cash
Listed by Real Estate One-Southfield
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