Report Listing

Residential Land For Sale

Picture of Residential Land For Sale in Detroit, Michigan, United States

$9,900

9804 Dexter Ave
Detroit, Michigan, United States

Listed By: Realtyww Info

Listed On: 06/19/2023

Listing ID: GL9980357 View More Details

Description

Great opportunity on this commercial zoned vacant lot. Located a few minutes outside of Downtown Detroit and close to major expressways. 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 DLBA 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 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 abatement on the purchase and development financing.

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Listed by: Keller Williams Realty-great Lakes
Source: The World Property Journal

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