6565 Woodward Avenue

Property Details

Detroit, Michigan

$3,850,000

Description

Other - Detroit, Michigan

38,160 SF | 569,150 ± Buildable SF | 46 ± Buildable Stories

O’Connor Real Estate is pleased to offer 6565 Woodward Avenue located on the corner of Woodward Avenue and West Grand Boulevard, the cornerstone of New Center’s retail and commercial corridor. The Art Moderne style structure is built entirely of concrete and is comprised of a full basement with 10’10” ceilings, allowing for continued retail space from the 13,200 SF first floor, which is currently divided into three retail spaces. The 11,920 SF second floor could be redeveloped into creative office or residential with the possibility of roof decks.

Premier Development Opportunity

This unique development opportunity benefits from favorable B5 zoning, permitting the development of an approximately 46-story, 569,150 SF, mixed use building with prime ground-floor retail located at the most prominent intersection of New Center. The B5 zoning allows for no off street parking requirements for retail and multi family. An iconic building at this location would serve as the entry to both the Woodward commercial corridor and West Grand Boulevard leading to the heart of New Center.

Address
Location
Lot Size
Opportunity Zone
Zoning District
FAR
Buildable Square Feet
Air Rights
Certified Historic
Woodward Avenue Frontage
West Grand Boulevard Frontage
Off Street Parking Spaces Required
Floor to Floor Height Assumptions