3939 3 Ave, Detroit, MI 48201

This exceptional 0.09-acre mixed-use lot, located at 3939 3rd Ave in Detroit, Michigan (Wayne County, zip code 48201), presents a unique investment opportunity. Currently listed at $325,000 (APN 04-003544), this property boasts approved variances for the construction of a five-story building. Detailed plans, already approved and permitted, are included in the sale, outlining a proposed 16-unit residential building with ground-floor retail space. This strategic location places the property in the heart of Midtown Detroit, a vibrant and rapidly developing area. The property further benefits from the availability of New Enterprise Zone (NEZ) tax abatements for a period of 15 years, significantly reducing the tax burden and enhancing the return on investment. This is a turnkey opportunity for developers seeking to capitalize on the growing demand for residential and commercial space in a highly desirable Detroit neighborhood. The property's central location and the inclusion of pre-approved plans minimize development hurdles and accelerate the path to profitability. Don't miss this chance to acquire a prime piece of Detroit real estate with significant upside potential.