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2933 2nd Avenue
Detroit, MI 48201

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Property Details


List Price: $3,999,999
Beds: --
Baths: 2
Status: Active
SqFt: 21718
Agency: Arterra Luxe

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Description/Comments


Lot Size: --
Property Type: MultiFamily
Year Built: 1924
Notes: Ava Pavlina is pleased to present this 25,000 SF, residential zoned re-development opportunity in the heart of Midtown, Detroit! This 4 story, brick building has the potential to become a hostel, apartments, hotel, condos and more! Walking distance to the Masonic Temple, Cass Park, Wayne State University- As well as Downtown Detroit ~ Comerica Park, Ford Field, Little Caesars Arena, Fox Theatre, Motor City Casino, MGM Grand, Detroit Medical Center, Detroit Institute and more! Framed out for 120 bed hostel with potential for a bar/restaurant lounge on the Garden level. Possibility of also holding 52 units as an apartment building. A brand new roof and historically approved windows have already been installed. The city of Detroit has implemented many incentives to encourage and support development in this area of Detroit. This includes tax credits and grants, making it easier and more financially advantageous to bring your vision to life! <br /> Needs new electrical and plumbing.
MlsNumber: 20240001555


Listing Provided By: Arterra Luxe, original listing
Name: Arterra Luxe
Phone: (248) 733-5893
Office Name: Arterra Luxe Collection LLC
Office Phone: (248) 733-5893
Agent Name: Ava Pavlina
Disclaimer: Copyright © 2024 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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