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701 W Jefferson Detroit, MI 48226
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Key Details
Sold Price $5,500,000
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 60314284
Sold Date 09/16/24
Style Vacant Land
Annual Tax Amount $154,551
Lot Size 3.100 Acres
Acres 3.1
Lot Dimensions 450x300
Property Description
One of the last pieces of undeveloped riverfront land in downtown Detroit, this three-point-one acre property is a once in a lifetime development opportunity. 701 W Jefferson is an ideal site for a hotel, high-end condos or mixed-use development and comes with rights to build a marina. Highly desirable location in a qualified Opportunity Zone adjacent to The Residences at Water Square, Huntington Place convention center, and the Detroit Riverwalk. Area developments include: The New Residences at Water Square (496 Units), Huntington Place Convention Center, The Foundation Hotel, Riverfront Towers (845 Units), Hart Plaza, and the Detroit Riverwalk
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Commercial,Multi-Family,Professional Office
Building
Water Public Water
Schools
School District Detroit City School District
Others
Ownership Private
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 Detroit, LLC
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