3371 14th Street
Detroit, MI 48208

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Description

Four contiguous residential lots located in Detroit's highly desirable North Corktown neighborhood are being offered as a bundled package, including 3371 14th St, 3369 14th St, 3363 14th St, and 3355 14th St. These parcels must be purchased together and cannot be split, making them an excellent opportunity for a new-build infill development in one of the city's fastest-growing areas. Zoned residential, the lots provide strong potential for creative redevelopment and long-term value. Interested buyers are required to submit a complete proposal package that includes a project proposal outlining intended use and timeline, proof of funds such as a bank statement or lender letter, a detailed scope of work with projected development costs, and proof of previous projects including addresses and photos. The sale is contingent on execution of a DLBA Renovation/Development Agreement. Please note, the Detroit Land Bank Authority is entitled to a five-year tax recapture following transfer of ownership, which may limit eligibility for certain abatements or lot combinations. Waiver requests will be reviewed on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing. BATVAI. IDRBNG.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48208
• School District: Detroit
• Lot Size: 3920 sq ft lot
• Directions: Go east on MLK Jr Blvd, then south on 14th street.
• List Price Acre: 388888.89
• Lot Size Area: 0.09
• Lot Size Square Feet: 3920.4
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: W10I005252S001
• Road Frontage: 27
• Street Type: Paved
• Tax Legal Description: W 14TH N 27 FT 194 S 0.50 FT OF N 27.50 FT OF E 35.80 FT 194 SUB OF GODFROY FARM L1 P293 PLATS, W C R 10/32 27.50 IRREG