Southfield DDA Development Site
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Southfield DDA Development Site
2 Office Properties Offered at £5,399,170 in Southfield, MI
INVESTMENT HIGHLIGHTS
- Located in Southfield DDA District
- Opportunity to redevelop into medical, multi-family, mixed-use, etc
- Close to Oakland Community College Southfield Campus
- Two buildings totaling 151,563 SF on a 5.8-acre site
- Across from Henry Ford Providence Southfield Hospital
- Near 100-acre, $285M Northland Cty Center Mixed-use Development.
EXECUTIVE SUMMARY
This is an excellent investment opportunity with significant financial upside potential through redevelopment. Current B-3 zoning and potential use flexibility from the City of Southfield should allow for various uses that will maximize the physical and financial potential of the property - including a medical facility, multi-family development, hotel, mixed-use development, etc. Surrounding this property, several new apartment buildings are up and pre-leased which will be the initial anchor for more new mixed-use products to come. The State of Michigan (through the Michigan Economic Development Corporation) has several tax incentive programs that will provide a developer financial assistance for a re-development.
PROPERTY FACTS
| Price | £5,399,170 | Number of Properties | 2 |
| Price / SF | £37.66 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 143,378 SF |
| Status | Active | Total Land Area | 9.75 AC |
| Price | £5,399,170 |
| Price / SF | £37.66 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 143,378 SF |
| Total Land Area | 9.75 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Metropolitan Professional Center
16000 W 9 Mile Rd, Southfield, MI 48075 |
Office | 53,630 SF | 1967 | - |
| 23100 Providence Dr, Southfield, MI 48075 | Office | 89,748 SF | 1969 | - |
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