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MLS# 20230087842
Active $5,000
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Property zoned as B2. 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 DLBA 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. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). 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 developm
School District: Detroit County: Wayne Status: Active Listing Type: Vacant Land
Sewer: Public Sewer (Sewer-Sanitary) Directions: HEAD EAST ON PURITAN PASS SCHAEFER, PROPERTY ON THE RIGHT SIDE CORNER OF PURITAN AND SORRENTO.
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