2634 Wabash St, Detroit, MI 48216

Description

Exceptional opportunity to acquire a vacant lot in Detroit's highly sought-after Corktown neighborhood, one of the city's fastest-growing and most dynamic districts. Located near a vibrant mix of restaurants, entertainment, parks, and major redevelopment projects, this property offers excellent potential for future development and long-term investment. Corktown continues to attract residents, businesses, and investors with its historic character, walkability, and proximity to downtown Detroit. 2634 Wabash Street must be sold as part of a package sale with 2630 Wabash Street, All properties are to be sold together for $44,000 A great addition to any investment portfolio with upside potential in a growing market. Property is being sold as-is. Purchaser to verify all measurements, zoning, and development requirements. DLBA Disclosure: DLBA is entitled to a tax capture for the five (5) tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements 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 the effect of any tax abatement on the purchase and development financing.