This property is bundled with 3490, 3491,Licoln (across the street)lots total= 19,442and 3481, 3475, 3501,3507 Lincoln. Not sold separately. The 5 lots total= 31,442 sqft. 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.
Property Type :
Vacant Land
Subdivision :
Hodges Bros Sub Of Ols 98 99 102&103 (plats)
County :
Wayne
Style :
Vacant Land
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ByOwner last updated this listing 04/28/2024 @ 04:56
MLS: 578018124
LISTED BY: Leonard A Pickett III , RCH Brokerage Legacy Inc
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
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