Fisher Third Redevelopment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30054637
Building Size (RSF): 12,300 SF
Gross Building Area: See Agent
Gross Land Area: 0.42 Acres
Sale Price: $1,400,000
Unit Price: $113.82 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/21/2019

Overview / Comments

The subject redevelopment opportunity includes a 12,300 square foot building at 828 Fisher as well as an adjacent piece of vacant land at 2421 Third located in the heart of Downtown Detroit on the corner of the Fisher Freeway Service Drive and Third Street.The site is arguably one of the most well-located redevelopment locations listed in Detroit since ‘the comeback’ began several years ago. The strength of the location allows for several different development opportunities: redevelopment of existing building or demolition and ground-up construction. The property could potentially be redeveloped into mixed-use, retail/multi-family, retail/office or single-tenant retail. Please visit www.fisherthird.com for more information.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit - New Center
Tax ID/APN: 04-00-0455 & 04-003-622
Zoning: MIXED USE
Property Located Between: Fisher Freeway & Third Street
Largest Nearby Street: Grand River & I-75 Freeway
Traffic/Vehicle Count: 84,769
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1901
Parking Type: Surface
Parking Description: Ample Parking

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,601 113,047 308,827
Median Age: 40.83 36.75 35.04
Households: 7,997 49,506 120,022
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