5200 Hecla St, Detroit, MI 48208

Property Description

BUILDING & INVESTMENT OPPORTUNITY IN DETROIT! Sale includes 5200 Hecla & 1716 Merrick with a combined 4,213 square feet, zoned R2 and must be sold together for $15k. Bring your vision to this vacant lot located conveniently situated with easy access to Midtown, New Center, Wayne State University and Downtown Detroit, this property offers an excellent opportunity for a builder, developer or investor looking to add to Detroit's continued neighborhood growth. Enjoy convenient access to major thoroughfares and freeways, along with nearby shopping, dining, parks, schools and some of Detroit's most popular cultural and entertainment destinations. Just minutes from the Detroit Institute of Arts, Michigan Science Center, Little Caesars Arena, MotorCity Casino and the expanding Midtown and Downtown districts. Whether you're considering new construction or adding land to your investment portfolio, this parcel offers exciting possibilities. Don't miss this opportunity to invest in Detroit's continued growth and redevelopment and benefit from the NEZ-Homestead neighborhood property tax abatement! Purchase and development are subject to DLBA guidelines, proposal requirements and applicable development timelines. Buyer/developer is responsible for verifying zoning, permitted uses, setbacks, lot dimensions, utility availability, building requirements and all proposed plans with the City of Detroit and DLBA. Please note that the Detroit Land Bank Authority 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 abatements that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.