Investment Opportunity

Hospitality for Sale
Catylist Listing ID: 30507815
Number of Units: 1 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 0.45 Acres
Sale Price: $425,000
Unit Price: $425,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/11/2019

Overview / Comments

Investment Opportunity in Detroit, within blocks from the Heidelberg Project, Eastern Market, and Downtown! This site also neighbors a new mixed-use development. Updated throughout, this building is a great opportunity for an owner/user or investment property. Current owner is renting out as Airbnb for $140/night and is currently weekend booked for much of 2019. Future owner could have the opportunity to expand, with adjacent parcels owned by the city.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit E of Woodward
Tax ID/APN: 13001582.
Zoning: B-2 LOCAL BUSINESS & RESIDENTIAL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,138 118,698 337,183
Median Age: 42.05 37.8 35.03
Households: 6,473 52,455 129,925

Contact

Photograph of Listing Agent

Randall S. Thomas

Insite Commercial CPIX Member
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