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6565 Woodward Avenue Detroit, MI 48202
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Key Details
Sold Price $2,220,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 38,160 sqft
Price per Sqft $58
Subdivision Mi
MLS Listing ID 40082868
Sold Date 11/10/21
Annual Tax Amount $26,978
Lot Size 0.350 Acres
Acres 0.35
Lot Dimensions 164x80x164x80
Property Description
6565 Woodward Avenue is located on the corner of Woodward Avenue and West Grand Boulevard, the cornerstone of New Center's retail and commercial corridor. The Art Moderne style structure is built entirely of concrete and is comprised of a full basement with 10'10†ceilings, allowing for continued retail space from the 13,200 SF first floor, which is currently divided into three retail spaces. The 11,920 SF second floor could be redeveloped into creative office or residential with the possibility of roof decks. This unique development opportunity benefits from favorable B5 zoning, permitting the development of an approximately 46-story, 569,150 SF, mixed use building with prime ground-floor retail located at the most prominent intersection of New Center. The B5 zoning allows for no off street parking requirements for retail and multi family.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Commercial,Multi-Family,Professional Office,Residential
Interior
Heating Forced Air
Building
Foundation Basement
Water Public Water
Structure Type Block
Others
Ownership Private
Energy Description Natural Gas
Acceptable Financing Cash
Listing Terms Cash
Financing Cash,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with O'Connor Realty