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Property summary
This exceptional 1,300 square foot mixed-use commercial property in Detroit, Michigan, presents a fantastic investment opportunity. Located at 8030 Pitt St, in Wayne County, zip code 48209, this building boasts a prime location with convenient access to high-traffic streets like Central and Vernor Highway. The property is zoned for commercial use and features a traditional office layout, ideal for a variety of businesses. Recent upgrades include a new roof, updated plumbing and electrical systems, a renovated bathroom, and a new fence and gate. The property also offers significant advantages for food truck operations, with 200-amp power and readily available water and electric hookups in the parking area. The asking price is $150,000, with a price per square foot of $115.38. Land contract terms are available with a down payment starting at $50,000. Buyer to verify all information. Showings are by appointment only after an offer is accepted.
Property profile
VerifiedCap rate & NOI
Current use
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Insurance Agency
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Grocery & Convenience Store Food Market
Location
Value estimations
Owner & transaction history
Zoning & alternative use
of this Code. (Code 1984, § 61-7-1; Ord. No. 11-05, § 1(61-7-1), eff. 5-28-2005) Sec. 50-7-2. - Residential Districts. Residential districts within the City are as follows: (1) R1 Single-Family Residential District. (2)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
R2 · Detroit, MIof this Code. (Code 1984, § 61-7-1; Ord. No. 11-05, § 1(61-7-1), eff. 5-28-2005) Sec. 50-7-2. - Residential Districts. Residential districts within the City are as follows: (1) R1 Single-Family Residential District. (2)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
of this Code. (Code 1984, § 61-7-1; Ord. No. 11-05, § 1(61-7-1), eff. 5-28-2005) Sec. 50-7-2. - Residential Districts. Residential districts within the City are as follows: (1) R1 Single-Family Residential District. (2)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R2 in Detroit, MI.
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