42-62 Piquette Avenue
Retail-Commercial
for Sale
Also listed as Special Purpose
| Catylist Listing ID: |
30565178 |
| Property Subtypes: |
Restaurant, Other
|
| Building Size (RSF): |
5,696 SF
|
| Gross Land Area: |
0.67 Acres
|
| Sale Price: |
$2,800,000 |
| Unit Price: |
$491.57 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
10/4/2021 |
Overview / Comments
Exceptional opportunity to purchase or landmark site in the heart of Detroit in
Midtown. This 0.67 acre property is just off Woodward near Wayne State University Bio-science Center and Bucharest Grill. It's currently an operating restaurant but can be re-developed for many uses!
|
Financials
| Finance Data Year |
2019 |
| Real Estate Taxes - Annual($) |
$5,644 (Annual) |
Additional Details
| Nearest MSA: |
Detroit-Warren-Dearborn |
| County: |
Wayne |
| Submarket/Township: |
Detroit - New Center |
| Tax ID/APN: |
010017-86; 010017-85 |
| Zoning: |
M-2 |
| Property Located Between: |
Woodward Avenue |
| Traffic/Vehicle Count: |
164,415 |
| Number of Stories: |
3 |
| Year Built: |
1968 |
| Parking Description: |
Ample Parking |
| Sprinklers: |
None |
| Heat Type: |
Other |
| Heat Source: |
Other |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
16,358 |
167,933 |
419,030 |
| Median Age: |
36.03 |
36.04 |
34.99 |
| Households: |
8,082 |
69,643 |
158,455 |
|
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