690 W Philadelphia Street
Detroit, MI 48202

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Description

Great property for infill building located in Detroit's Piety Hill neighborhood. This property is within walking distance to the Q-Line and New Center Area. It is also in close proximity Henry Ford Hospital.Buyer must submit a proposal to purchase, including construction plans or precedent agriculture images of proposed development & financing plan w/ POF or Pre-App letter on 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 information.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48202
• School District: Detroit
• Lot Size: 8712 sq ft lot
• Directions: TAKE WOODWARD HEADED SOUTH PASS CHICAGO BLVD MAKE RIGHT ONTO PHILADELPHIA
• List Price Acre: 170000
• Lot Size Area: 0.2
• Lot Size Square Feet: 8712
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: 04002067.
• Road Frontage: 70
• Street Type: Paved
• Tax Legal Description: N PHILADELPHIA E 10 FT 42 41-40 SMITHS SUB L11 P19 PLATS, W C R 4/83 70 X 122