8940 Cameron Street
Detroit, MI 48211

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Description

This lot is sold with 8928, 8934, 8946, and 8952 Cameron St making it 5 lots total = 12,842 sqft. Not sold separately. This site is in Greater Downtown-North End Planning Study. Zoned R2. 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 development proforma and effect of any tax abatement on the purchase and development financing. See attached documents for DLBA requirements and offer submission info. BATVAI . Please see attached documents for DLBA requirements and offer submission information.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48211
• Subdivision/Neighborhood: Galloway & Butterfields (Plats)
• School District: Detroit
• Lot Size: 2614 sq ft lot
• Directions: TAKE E GRAND BLVD HEADED EAST PASS WOODWARD MAKE LEFT ONTO OAKLAND TO HOLBROOK MAKE A RIGHT. THEN MAKE LEFT ONTO CAMERON.
• List Price Acre: 500000
• Lot Size Area: 0.06
• Lot Size Square Feet: 2614
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: 05004273.
• Road Frontage: 30
• Tax Legal Description: E CAMERON 119 GALLOWAY & BUTTERFIELDS SUB L13 P59 PLATS, W C R 5/115 30 X 85.67