$18,500

INVESTMENT & INFILL DEVELOPMENT OPPORTUNITY! Vacant residential lot located at 2943 Cochrane St, Detroit, MI 48216, in the established Briggs neighborhood. Parcel Number: 08006559. This approximately 31' x 100' parcel offers an excellent opportunity for investors, builders, and developers looking to add new construction to an established residential area. The property is zoned R2 – Two-Family Residential, offering potential for residential development subject to current City of Detroit zoning requirements, approvals, and applicable building regulations. Conveniently located near Michigan Avenue, Corktown, Mexicantown, and Downtown Detroit, with easy access to major thoroughfares, employment centers, restaurants, entertainment, shopping, and neighborhood amenities. The surrounding area features a mix of established homes, renovated properties, and infill development, making this an attractive location for continued neighborhood investment and revitalization. Burton International School is also located nearby.Purchaser to verify zoning, utilities, dimensions, permitted uses, and all development requirements. Sale is subject to Detroit Land Bank Authority requirements and approval. DLBA Disclosure: DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing.