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Detroit MI Real Estate & Land For Sale

619 Properties Found


176–200 of 619 properties displayed
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$45,000

3604 SAINT AUBIN Street Detroit, MI 48207

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
20240002084
Type:
Land
Subdivision:
PLAT OF L ST AUBIN (PLATS )
Lot size:
0.14 Acres
A broker reciprocity listing Courtesy: RCH Brokerage Legacy Inc
View additional info

This property is in a 5 lot bundle with 3610, 3620,3628 ,and 3640 St. Aubin. Totaling 21,760 sqft. Not sold separately. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. BATVAI Please note that the Detroit Land Bank Authority 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 abatement 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. Please see attached documents for DLBA requirements and offer submission information.

$20,000

2661 HENDRICKS Street Detroit, MI 48207

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
20240002081
Type:
Land
Subdivision:
SUB OF GABRIEL CHENE EST (PLATS)
Lot size:
0.15 Acres
A broker reciprocity listing Courtesy: RCH Brokerage Legacy Inc
View additional info

This property is sold with 2675 Hendricks. Totaling 9,450 sqft. Not sold separately. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. BATVAI Please note that the Detroit Land Bank Authority 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 abatement 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. Please see attached documents for DLBA requirements and offer submission information.

$30,000

2242 SAINT JOSEPH Street Detroit, MI 48207

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
20240002074
Type:
Land
Subdivision:
JAMES CAMPAU FARM SUB OF E 1/2 PC 91 & P18(PLATS)
Lot size:
0.06 Acres
A broker reciprocity listing Courtesy: RCH Brokerage Legacy Inc
View additional info

This property is in a 5 lot bundle with 2232, 2236, 2248, and 2254 St. Joseph. Totaling 14,200 sqft. Not sold separately. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. BATVAI Please note that the Detroit Land Bank Authority 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 abatement 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. Please see attached documents for DLBA requirements and offer submission information.

$30,000

2206 SAINT JOSEPH Street Detroit, MI 48207

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
20240002072
Type:
Land
Subdivision:
PLAT OF W 1/2 P C 91 FROM WATSON TO FREMONT(PLATS)
Lot size:
0.07 Acres
A broker reciprocity listing Courtesy: RCH Brokerage Legacy Inc
View additional info

This property is in a 5 lot bundle with 2200, 2014,2220 and 2226 St. Joseph. Totaling 14,700 sqft. Not sold separately. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. BATVAI Please note that the Detroit Land Bank Authority 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 abatement 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. Please see attached documents for DLBA requirements and offer submission information.

$23,800

2193 SAINT JOSEPH Street Detroit, MI 48207

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
20240001806
Type:
Land
Subdivision:
PLAT OF W 1/2 P C 91 FROM WATSON TO FREMONT(PLATS)
Lot size:
0.08 Acres
A broker reciprocity listing Courtesy: RCH Brokerage Legacy Inc
View additional info

This property is IN A 4 bundled with 2209, 2215, and 2221 St. Joseph. Totaling 11,900 sqft. Not sold separately. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. BATVAI Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership This of the property. The tax capture may be incompatible with tax abatement 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. Please see attached documents for DLBA requirements and offer submission information.

$280,000

2642 COCHRANE Street Detroit, MI 48216

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
20240003484
Type:
Land
Subdivision:
PLAT OF PC 27 LOGNON FARM (PLATS)
Lot size:
0.14 Acres
A broker reciprocity listing Courtesy: Century 21 Curran & Oberski
View additional info

PACKAGE DEAL in North Corktown 8 lots total, the site comes with more than 268 feet of frontage of the total 8 lots. The property is located within walking distance to Corktown and newly remodeled tigers stadium, adjacent to Motor City Casino and minutes away from the CITY. Ford's Michigan Central Station, is currently undergoing a $740 million renovation. Ford's Corktown Campus promises to bring 5,000+ new jobs to the neighborhood and will create a need for 1,100 new residential units. Lots are sold as package deal total of 8 Lots. Addresses of the 8 are: 2642 2630 2622 2616 2612 2647 2637 2627. Package Price: $1,204,000BATVAI

$132,000

2630 COCHRANE Street Detroit, MI 48216

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
20240003347
Type:
Land
Subdivision:
PLAT OF PC 27 LOGNON FARM (PLATS)
Lot size:
0.07 Acres
A broker reciprocity listing Courtesy: Century 21 Curran & Oberski
View additional info

PACKAGE DEAL in North Corktown 8 lots total, the site comes with more than 268 feet of frontage of the 8 lots. The property is located within walking distance to Corktown and newly remodeled tigers stadium, adjacent to Motor City Casino and minutes away from the CITY. Ford's Michigan Central Station, is currently undergoing a $740 million renovation. Ford's Corktown Campus promises to bring 5,000+ new jobs to the neighborhood and will create a need for 1,100 new residential units. Lots are sold as a package deal total of 8 Lots. Addresses of the 8 are : 2642 2630 2622 2616 2612 2647 2637 2627. Package Price: $1,204,000BATVAI:

$132,000

2622 COCHRANE Street Detroit, MI 48216

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
20240003489
Type:
Land
Subdivision:
PLAT OF PC 27 LOGNON FARM (PLATS)
Lot size:
0.07 Acres
A broker reciprocity listing Courtesy: Century 21 Curran & Oberski
View additional info

PACKAGE DEAL in North Corktown 8 lots total, the site comes with more than 268 feet of frontage of the 8 lots. The property is located within walking distance to Corktown and newly remodeled tigers stadium, adjacent to Motor City Casino and minutes away from the CITY. Ford's Michigan Central Station, is currently undergoing a $740 million renovation. Ford's Corktown Campus promises to bring 5,000+ new jobs to the neighborhood and will create a need for 1,100 new residential units. Lots are sold as a package deal total of 8 Lots. Addresses of the 8 are : 2642 2630 2622 2616 2612 2647 2637 2627. Package Price: $1,204,000BATVAI:

$132,000

2627 COCHRANE Street Detroit, MI 48216

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
20240003506
Type:
Land
Subdivision:
PLAT OF PC 27 LOGNON FARM (PLATS)
Lot size:
0.07 Acres
A broker reciprocity listing Courtesy: Century 21 Curran & Oberski
View additional info

PACKAGE DEAL in North Corktown 8 lots total, the site comes with more than 268 feet of frontage of the 8 lots. The property is located within walking distance to Corktown and newly remodeled tigers stadium, adjacent to Motor City Casino and minutes away from the CITY. Ford's Michigan Central Station, is currently undergoing a $740 million renovation. Ford's Corktown Campus promises to bring 5,000+ new jobs to the neighborhood and will create a need for 1,100 new residential units. Lots are sold as a package deal total of 8 Lots. Addresses of the 8 are : 2642 2630 2622 2616 2612 2647 2637 2627. Package Price: $1,204,000BATVAI

$132,000

2637 COCHRANE Street Detroit, MI 48216

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
20240003514
Type:
Land
Subdivision:
PLAT OF PC 27 LOGNON FARM (PLATS)
Lot size:
0.07 Acres
A broker reciprocity listing Courtesy: Century 21 Curran & Oberski
View additional info

PACKAGE DEAL in North Corktown 8 lots total, the site comes with more than 268 feet of frontage of the 8 lots. The property is located within walking distance to Corktown and newly remodeled tigers stadium, adjacent to Motor City Casino and minutes away from the CITY. Ford's Michigan Central Station, is currently undergoing a $740 million renovation. Ford's Corktown Campus promises to bring 5,000+ new jobs to the neighborhood and will create a need for 1,100 new residential units. Lots are sold as a package deal total of 8 Lots. Addresses of the 8 are : 2642 2630 2622 2616 2612 2647 2637 2627. Package price: $1,204,000 BATVAL:

$132,000

2616 COCHRANE Street Detroit, MI 48216

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
20240003497
Type:
Land
Subdivision:
PLAT OF PC 27 LOGNON FARM (PLATS)
Lot size:
0.07 Acres
A broker reciprocity listing Courtesy: Century 21 Curran & Oberski
View additional info

PACKAGE DEAL in North Corktown 8 lots total, the site comes with more than 268 feet of frontage of the 8 lots. The property is located within walking distance to Corktown and newly remodeled tigers stadium, adjacent to Motor City Casino and minutes away from the CITY. Ford's Michigan Central Station, is currently undergoing a $740 million renovation. Ford's Corktown Campus promises to bring 5,000+ new jobs to the neighborhood and will create a need for 1,100 new residential units. Lots are sold as a package deal total of 8 Lots. Addresses of the 8 are : 2642 2630 2622 2616 2612 2647 2637 2627. Price Package: $1,204,000BATVAI:

$132,000

2612 COCHRANE Street Detroit, MI 48216

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
20240003502
Type:
Land
Subdivision:
PLAT OF PC 27 LOGNON FARM (PLATS)
Lot size:
0.07 Acres
A broker reciprocity listing Courtesy: Century 21 Curran & Oberski
View additional info

PACKAGE DEAL in North Corktown 8 lots total, the site comes with more than 268 feet of frontage of the 8 lots. The property is located within walking distance to Corktown and newly remodeled tigers stadium, adjacent to Motor City Casino and minutes away from the CITY. Ford's Michigan Central Station, is currently undergoing a $740 million renovation. Ford's Corktown Campus promises to bring 5,000+ new jobs to the neighborhood and will create a need for 1,100 new residential units. Lots are sold as a package deal total of 8 Lots. Addresses of the 8 are : 2642 2630 2622 2616 2612 2647 2637 2627. Package Price: $1,204,000BATVAI:

$132,000

2647 COCHRANE Street Detroit, MI 48216

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
20240003517
Type:
Land
Subdivision:
PLAT OF PC 27 LOGNON FARM (PLATS)
Lot size:
0.07 Acres
A broker reciprocity listing Courtesy: Century 21 Curran & Oberski
View additional info

PACKAGE DEAL in North Corktown 8 lots total, the site comes with more than 268 feet of frontage of the 8 lots. The property is located within walking distance to Corktown and newly remodeled tigers stadium, adjacent to Motor City Casino and minutes away from the CITY. Ford's Michigan Central Station, is currently undergoing a $740 million renovation. Ford's Corktown Campus promises to bring 5,000+ new jobs to the neighborhood and will create a need for 1,100 new residential units. Lots are sold as a package deal total of 8 Lots. Addresses of the 8 are : 2642 2630 2622 2616 2612 2647 2637 2627. Price: of all 8 lots $1,204,000. BATVAI

$35,000

8421 Mount Elliott Street Detroit, MI 48211

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
81024003943
Type:
Land
Lot size:
0.1 Acres
A broker reciprocity listing Courtesy: BellaBay Realty Tri-Counties
View additional info

Great infill opportunity in Detroit's bustling North End neighborhood. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommend reviewing relevant neighborhood framework plans from the City of Detroit's Planning and Development Dept. for additional context about the neighborhood. The 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. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

$53,000

323 King Street Detroit, MI 48202

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
81024003942
Type:
Land
Lot size:
0.1 Acres
A broker reciprocity listing Courtesy: BellaBay Realty Tri-Counties
View additional info

Great infill opportunity in Detroit's bustling North End neighborhood. Includes a total of 4 lots. 297, 307, 315 and 323 King.The DLBA is seeking proposals for small to medium scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommend reviewing relevant neighborhood framework plans from the City of Detroit's Planning and Development Dept. for additional context about the neighborhood. The 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.The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

$21,000

15000 TIREMAN Street Detroit, MI 48228

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
20240003834
Type:
Land
Subdivision:
HUDSONS SUB (PLATS)
Lot size:
0.08 Acres
A broker reciprocity listing Courtesy: EXP Realty LLC
View additional info

Great property, right on the borderline of Detroit and Dearborn. Reap the amenities of Dearborn and the low taxes of Detroit!

$199,000

14301 Mack Avenue Detroit, MI 48215

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
20240003168
Type:
Land
Subdivision:
MORE THAN ONE SUBDIVISION INVOLVED
Lot size:
1.2 Acres
A broker reciprocity listing Courtesy: O'Connor Realty Detroit, LLC
View additional info

Located at 14301 Mack and 3845 Chalmers in the Fox Creek neighborhood of Detroit, this 1.2-acre parcel features 275 feet of frontage along Mack Ave. Zoned B4 and P1, this land offers versatile development potential, ideal for commercial projects.

$325,000

3926 2nd Avenue Detroit, MI 48201

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
20240002118
Type:
Land
Subdivision:
SUB OF PT CASS FARM (ALSO P 176-7 PLATS)
Lot size:
0.17 Acres
A broker reciprocity listing Courtesy: O'Connor Realty Detroit, LLC
View additional info

Located at 3926 Second Ave. in Midtown, this .165-acre parcel sits directly adjacent to Selden Standard, Honest Johns, SheWolf and Mad Nice. Zoned SD-2, this land offers versatile development potential, ideal for residential or commercial projects. Its prime location, adjacent to this significant revitalization, provides an excellent investment prospect in one of Detroit's strongest neighborhoods.

$5,000

4212 Cabot St Detroit, MI 48210

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
81024001902
Type:
Land
Lot size:
0.07 Acres
A broker reciprocity listing Courtesy: Waison Realty LLC
View additional info

Vacant lot for sale in an up and coming area.BUYER AND BUYER AGENT TO VERIFY ALL THE INFORMATION . ALL MEASUREMENT ARE APPROXIMATED. SOLD AS IS PROPERTY IS OWNED BY AGENT.

$299,900

443 Horton Street Detroit, MI 48202

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
81024001621
Type:
Land
Lot size:
0.09 Acres
A broker reciprocity listing Courtesy: KW Professionals
View additional info

Situated in a rapidly developing area, this .09 acre property offers a blank canvas for potential buyers to realize their vision. The neighborhood is experiencing revitalization, with increasing property values and a growing community. Its proximity to key amenities, such as schools, parks, and transportation hubs, enhances its appeal for those looking to create a vibrant living space. Investing in this vacant land provides the chance to be part of the ongoing transformation of Detroit, contributing to the city's resurgence while securing a valuable asset with long-term potential! Please note the land next door at 439 Horton is also for sale. BTVAI

$299,900

439 Horton Street Detroit, MI 48202

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
81024001617
Type:
Land
Lot size:
0.09 Acres
A broker reciprocity listing Courtesy: KW Professionals
View additional info

Situated in a rapidly developing area, this .09 acre property offers a blank canvas for potential buyers to realize their vision. The neighborhood is experiencing revitalization, with increasing property values and a growing community. Its proximity to key amenities, such as schools, parks, and transportation hubs, enhances its appeal for those looking to create a vibrant living space. Investing in this vacant land provides the chance to be part of the ongoing transformation of Detroit, contributing to the city's resurgence while securing a valuable asset with long-term potential! Please note the land next door at 443 Horton is also for sale. BTVAI

$15,000

657 Blaine Street Detroit, MI 48202

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
81024001482
Type:
Land
Subdivision:
MCLAUGHLIN BROTHERS SUB (PLATS)
Lot size:
0.15 Acres
A broker reciprocity listing Courtesy: BellaBay Realty Tri-Counties
View additional info

Build your dream home or a multi-family development to suit situated in a bustling North End neighborhood . The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. Please note that the Detroit Land Bank Authority 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 otherwiseavailable to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

$15,000

3545 14th Street Detroit, MI 48208

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
81024001443
Type:
Land
Subdivision:
PLAT OF SUB OF PT GODFROY FARM (PLATS)
Lot size:
0.15 Acres
A broker reciprocity listing Courtesy: BellaBay Realty Tri-Counties
View additional info

Great build opportunity located within walking distance of Detroit's Corktown, social district, and the newly renovated Ford train station. This property is surrounded by some newer built homes where values are on the rise! The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent totransferring ownership of the property. The tax capture may be incompatible with tax abatements that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

$8,000

3525 Porter Street Detroit, MI 48216

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
81024001408
Type:
Land
Subdivision:
CATHERINE B HUBBARDS (PLATS)
Lot size:
0.06 Acres
A broker reciprocity listing Courtesy: BellaBay Realty Tri-Counties
View additional info

Great build opportunity located in the heart of Mexicantown. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroits Planning and Development Department for additional context about the neighborhood. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatiblewith taxb abatements that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the ppurchase and development financing.

$15,000

625 Custer Street Detroit, MI 48202

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
81024001472
Type:
Land
Subdivision:
WM. Y. HAMLIN & S.J. BROWNS SUB (PLATS)
Lot size:
0.05 Acres
A broker reciprocity listing Courtesy: BellaBay Realty Tri-Counties
View additional info

Great property for infill building located in Detroit's bustling North End neighborhood. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. Please note that the Detroit Land Bank Authority 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 theselected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

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