Investment Overview
Presenting a prime ±0.73-acre (31,800 SF) development site in Detroit's sought-after Midtown/New Center/Rosa Parks submarket, this property boasts R6 High Density Residential Zoning, offering exceptional potential for multifamily and high-density residential development. With public utilities available, including public water and sewer access at the street, this parcel is ideal for apartments, condominiums, townhomes, and multifamily housing. The higher-density zoning enhances the property's long-term development value, supporting a potential density ranging from approximately 55 to 75 units, depending on the final unit mix and project configuration, based on nearby developments.
Investment Highlights
- ±0.73-acre (31,800 SF) development site (Approximate Dimensions: 150' × 212')
- R6 High Density Residential Zoning
- Multifamily / High-Density Residential Development
- Supports higher-density residential development
- Ideal for apartments, condominiums, townhomes, multifamily housing
- Higher-density zoning enhances parcel’s long-term development value
- Potential density could range from approximately 55 to 75 units, depending on the final unit mix and project configuration, based off Young Manor Apartments’ density
- Public Utilities Available
- Public water
- Public sewer with sewer access at the street