Property summary
This exceptional 0.09-acre commercial land parcel, located at 6512 Rosa Parks Boulevard in Detroit, Michigan, presents a unique investment opportunity. Situated in Wayne County, zip code 48208, this property boasts a highly desirable location near the intersection of Rosa Parks Boulevard and Grand Boulevard, placing it within close proximity to the renowned Motown Museum and the expanding Henry Ford complex. The property's APN is W08I007629S. Currently zoned R2 Residential, this versatile lot offers significant potential for various development projects, including residential construction. The asking price is $19,000, making it an attractive proposition for buyers seeking a low-cost entry point into the Detroit real estate market. The area is experiencing substantial investment, with billions of dollars allocated for future development, promising significant appreciation potential. This vacant lot presents a compelling opportunity for both immediate development or a strategic buy-and-hold investment strategy, given its low carrying costs and prime location within a rapidly revitalizing urban environment. The property's convenient location and the surrounding development activity make it an ideal choice for investors seeking strong returns in a thriving market. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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