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Active
408 MARSTON Detroit, MI 48202
1,306 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2200012946
Lot Size 1,306 Sqft
Acres 0.03
Lot Dimensions 21.00X60.00
Source Realcomp
Property Description
Great opportunity for infill housing development. Located in a Opportunity Zone. 414 Marston, 8032,8036, 8042, 8048, & 8050 Brush. Totaling = 13,739 sqft. All 7 properties are sold for $40k. Not sold separately. Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development & financing plan w/ POF or Pre-approval letter or a new construction loan. 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. BATVAI. See attached documents for DLBA requirements and offer submission.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction HEAD SOUTH ON WOODWARD PASS HOLBROOK AVE MAKE LEFT MARSTON DRIVE DOWN TO BRUSH CORNER LOTS
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W01I002297S002L
Acceptable Financing Cash
Listing Terms Cash
Listed by RCH Brokerage Legacy Inc