6561-6565 W Woodward Ave | Detroit, MI 48202
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- LoopNet Team
6561-6565 W Woodward Ave
Detroit, MI 48202
F. W. Woolworth Building · Retail Property For Sale
Investment Highlights
- Mixed-use commercial building situated in an Opportunity Zone with B5 zoning designation in a densely populated retail and commercial corridor.
- Located at the signalized intersection of Woodward Avenue and West Grand Boulevard, the cornerstone of New Center's bustling commercial hub.
- Value-add opportunity through lease-up of available space at market rates or the ability to redevelop the property for alternative uses.
- Unique development opportunity benefiting from favorable zoning, permitting the construction of an approximately 46-story mixed-use building.
- Positioned at the most prominent intersection of New Center, the location is prime for ground-floor retail.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
38,160 SF
Building Class
C
Year Built
1940
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.50
Lot Size
0.35 AC
Zoning
B5 - Major Business District
Parking
140 Spaces (3.66 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 02-001743 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,257,200 |
PROPERTY TAXES
Parcel Number
02-001743
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,257,200
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