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Est. payment /mo
Pending
300 HORTON Street Detroit, MI 48202
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 218078514
Originating Board Realcomp
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 60.00X100.00
Property Description
Build your dream home or a multi-family development to suit. This opportunity is located near the Woodward corridor with convenient access to local businesses and institutions. The seller is the Detroit Land Bank Authority. Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development and financing plan with proof of funds or a pre-approval letter on a new-construction loan. 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 abatement that are otherwise available to the selected purchaser. DLBA will review request 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 abatement on the purchase and development financing.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction TAKE WOODWARD HEADED NORTH PAST E. GRAND BLVD MAKE RIGHT ONTO HORTON
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W01I001977C8
Acceptable Financing Cash
Listing Terms Cash
Listed by RCH Brokerage Legacy Inc