4515 Avery Street, Detroit, MI 48208

Listing Description

DLBA-owned vacant land offered through the Detroit Land Bank Authority (DLBA) Marketed Property Program. Offering includes two (2) contiguous residential parcels located at 4509 Avery St and 4515 Avery St in Detroit's historic Woodbridge neighborhood. Total Asking Price: $26,000 ($13,000 per parcel). Properties must be sold together. Each parcel measures approximately 36' x 130', providing a combined frontage of approximately 72 feet and over 9,300 square feet of development potential.Excellent opportunity for new construction residential development (subject to zoning and City approval) in one of Detroit's most sought-after neighborhoods experiencing continued investment and revitalization. Conveniently located near Trumbull Ave, Woodward Ave, Midtown, New Center, Downtown Detroit, Wayne State University, Henry Ford Health, Detroit Medical Center, and numerous restaurants, retail, and entertainment destinations.Buyer must submit a complete DLBA proposal package including project description, development timeline, proof of funds, site plan/concept drawings, and documentation of prior similar projects. Sale is contingent upon execution of a DLBA Development Agreement and compliance with City of Detroit permitting and approval requirements. Property sold as-is. DLBA retains the right to tax recapture for five (5) years following transfer. A rare opportunity to acquire two contiguous residential parcels in Detroit's thriving Woodbridge community.

Source: SparkMLS

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