RARE WATERFRONT DEVELOPMENT OPPORTUNITY WITH CANAL
Vacant Land
for Sale
| Catylist Listing ID: |
30834873 |
| Property Subtypes: |
Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Vacation/Resort, Other
|
| Gross Land Area: |
407,575 SF
|
| Sale Price: |
$4,950,000 |
| Unit Price: |
$12.15 PSF |
| In Opportunity Zone? |
Yes |
| Sale Terms: |
Cash to Seller, Sale/Leaseback |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/24/2023 |
Overview / Comments
|
In partnership with the Detroit Building Authority (DBA), the City of Detroit’s Housing and Revitalization Department (HRD) and Planning and Development Department (PDD) seek proposals from qualified entities to propose a development for this prime Waterfront location. The development site is located at 2 Saint Jean, directly across from Belle Isle and immediately adjacent to Riverside Marina, Safe Harbor Marina, Bayview Yacht Club, and Morgan Waterfront Estates. The site is approximately 407,575 square feet, or 9.36 acres. This acreage is inclusive of approximately 2 acres of property located in the Canal. The City of Detroit seeks proposals for new development that will build upon the inherent strengths of this rare location and properly unlock its potential.
|
Additional Details
| Nearest MSA: |
Detroit-Warren-Dearborn |
| County: |
Wayne |
| Submarket/Township: |
Detroit E of Woodward |
| Tax ID/APN: |
21000059 |
| Zoning: |
PD |
| Property Visibility: |
Excellent |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,567 |
84,718 |
218,226 |
| Median Age: |
42.55 |
39.59 |
36.77 |
| Households: |
1,974 |
34,264 |
85,050 |
|
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