120 Victory Blvd

Welcome to an unparalleled investment opportunity in the heart of the city! This historic commercial building, situated on a bustling high-traffic street, is now available for sale, presenting an ideal prospect for entrepreneurs and investors alike.​ Steeped in a rich history dating back to its construction in 1939, this two-story gem exudes timeless charm and character.​ The property's expansive lot spans 15,000 square feet, boasting dimensions of 200 ft x 75 ft.​ This generous lot size provides ample space for outdoor amenities, expansion, or potential future developments.​ With a ground elevation of 99 ft, the property not only offers a commanding presence but also provides a vantage point that enhances visibility.​ Zoning versatility is a key feature, with the property falling under multiple districts, including R5, C2-1, and HS.​ This diverse zoning allows for a range of development options, catering to both residential and commercial purposes.​ The Residential Floor Area Ratio (FAR) of 1.25 indicates the potential for residential development, while the Facility FAR of 2 opens up opportunities for commercial or institutional use.​ The current building's FAR as built stands at 0.71, utilizing a portion of the maximum allowable floor area.​ With a maximum usable floor area of 18,750 square feet, there is significant untapped potential for expansion or redevelopment.​ The usable floor area as built is currently 10,650 square feet, leaving 8,100 square feet of unused FAR, providing the perfect canvas for customization and future growth.​ This unique combination of a historic building with substantial unused development rights, coupled with a strategically located and generously sized lot, makes this property an extraordinary investment opportunity.​ Explore the possibilities, capitalize on the available square footage, and make your mark in this prime location.​ Contact us today to discover how this property can be the foundation for your vision and success.​