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Planned Development Residential Land
For Sale
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Pending

300 Watson St, Detroit, MI 48201

Residential development site zoned PD, within the Brush Park Form Based Code district and a local historic district.

Property SizeContact for details
Days on Market610

Property Features for 300 Watson St

General Information

Standard status Pending
Property subtype Land
Zoning PD
Listing Agency: Summit Commercial LLC
Listed By: Benjamin Smith · License #MI 6502390020
Source: Crexi
Added: Dec 8, 2024 Changed: Aug 8 Last Checked: Apr 24 at 12:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Summit Commercial LLC

Investment Insights

Based on property information with market context.

This for-sale development site is zoned PD Planned Development and located within the Brush Park Form Based Code district, which is intended to provide a predictable vision for the built environment. Residential proposals may include units for rent or for sale, and the City’s program includes an affordability component requiring a minimum of 20% of rental units to be affordable to households earning up to 80% of Area Median Income.

The site is also within the boundaries of the local historic district. Development plans will require approval from the Historic District Commission, and respondents are responsible for conducting their own due diligence to determine whether additional zoning and permitting approvals may be required.

The City’s process requests development submissions that include a Letter of Intent describing the proposed programming, unit mix and affordability, and conceptual site design with precedent images or renderings, along with financials, a project timeline, and team qualifications.

Key Highlights

  • Residential development site zoned PD (planned development).
  • Located within the Brush Park form based code district.
  • Site is within a local historic district and requires Historic District Commission approval.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Kitchen & Bath Showroom Carpet & Flooring Store (Bike/Boat/Book/etc) Store Pet Grooming Service Daycare Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,142
Businesses Nearby

Demographics for 48201, MI

14,500
Population
9,900
Households
1.5
Avg Household Size
33
Median Age
37%
College-Educated
88%
High-School Grad
1.9 sq mi
ZIP Area
7,632
Density / Sq Mi
$24,392
Median Household Income
$36,835
Median Earnings
$841
Median Rent
$401,500
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Residential development site zoned PD, within the Brush Park Form Based Code district and a local historic district.
Where is this residential land & home lot located?
The property is located at 300 Watson St Detroit, MI.
What are key features of this property?
This property features: Residential development site zoned PD (planned development).; Located within the Brush Park form based code district.; Site is within a local historic district and requires Historic District Commission approval.
More about this property
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