Description
This corner lot is the perfect opportunity for investor or private business owner. 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 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. BATVAI Please see attached documents for DLBA requirements and offer submission information.
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0BEDS
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0.09ACRES
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0BATHS
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01/2 BATHS
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1,575SQFT
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$3$/SQFT
School Ratings & Info
Description
This corner lot is the perfect opportunity for investor or private business owner. 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 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. BATVAI Please see attached documents for DLBA requirements and offer submission information.
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Data last updated: 2024-09-10T18:53:29.36.