该房产将于8月20日(星期三)至8月22日(星期一)拍卖。所显示的价格是350,000美元的起始标价。有关信息,并登记投标,请访问TEN-X.com。
Property tours are available by appointment ONLY. Please contact Griffin Pitcher to schedule at gpitcher@signatureassociates.com or 248-359-0650.
Fisher Third Redevelopment Opportunity, (the Property), is a 12,300 SF building as well as an adjacent vacant parcel located in the heart of Downtown Detroit on the corner of the Fisher Freeway Service Drive and Third Street. Currently, the historic building is home to twelve antique dealers under one roof specializing in Art Deco/20th Century pieces, architectural items, 50s/60s collectibles, and much more. The Property will be delivered vacant upon sale.
Constructed in 1901, the building boasts a red brick façade across two floors that are approximately 6,150 square feet each. The building has a vast amount of windows that would be beneficial in a redevelopment of the existing building. Per the seller, the building would require several updates including a new roof. The Property resides on a ±0.42 acre site across two parcels, with 141’ of frontage on Fisher Freeway. The site is very walkable with a strong Walk Score of 75; this number will certainly improve as Detroit’s revival continues to take shape.
The existing 12,300 SF building could be redeveloped in a manner such that the aesthetic and historical integrity of the building stays intact. The use of historical tax credits may be necessary for the financial health of this option. The property could be redeveloped into a mixed-use, retail/multi-family or retail/office, site in this scenario. Alternatively, the current building could be demolished with construction of a brand-new structure. The development could be a mixed-use project with ground floor retail and either multi-family or office on the remaining floors. The site’s corner location and astounding traffic counts could also make an excellent location for a single-tenant retail development. These are just a few of many potential possibilities, as the opportunity is enormous.
Since the city’s well documented decline, Detroit has commenced a dramatic recovery noticed by regional, national, and international investors and developers. The city is experiencing an unprecedented revitalization through substantial public-private investment, which has spurred a wave of mixed-use development and redevelopment projects. The city’s urban core has reinvented itself into the region’s premiere live, work, and play environment, subsequently attracting a multitude of new businesses and residents to the city. This property will be auctioned on Monday, August 20 - Wednesday, August 22 . The price displayed is the starting bid amount of $350,000. For information and to register to bid on this property, please visit Ten-X.com.