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Asking Price$2,250,000

  • Lot size 7441sqft
  • Taxes $16,685
  • Days on market:

    173 day(s)
  • Original Price:

    $2,250,000
  • Tax Legal Description:

    POMELO PK PB 3-212 LOT 5 & N1/2 OF ALLEY LYG S & ADJ CLOSED PER ORD 13492 LOT SIZE 7441 SQ FT M/L
  • Tax Year:

    2020
  • Property Type:

    Land
  • Waterfrontage (sqft):

    50
  • Lot Features:

    City Location Less Than 1 Acre

Description

$2,250,000

We are proud to present a new covered land opportunity in the high-demand edgewater market just off ne 2nd avenue. located within a qualified opportunity zone and zoned t6-8-o, this property has a variety of allowable uses including retail, office, hotel and multi-family. with the acquisition of just this lot, the by-right allowable density is 25 units and up to 8 stories before bonuses. there may also be the opportunity to assemble additional land to grow the footprint for a potential project. there is an existing multi-family building on the site which contains 4 units with short-term tenants and the noi from the in-place income can be used to cover the costs of holding the asset for a longer term play.
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