Historic Emerson School on 1.15 Acres. Development potential
Mixed Use | 17,436 SqFt
Marketing description
The Historic Emerson School building presents a rare and compelling opportunity to own a piece of local heritage in the heart of downtown. Situated on approximately 1.15 acres, this landmark property blends timeless architectural character with significant future potential. Rich in history and community significance, the building offers distinctive features and structural presence that are increasingly difficult to replicate. This building could be eligible for historical designations that may also open the door to valuable incentives, including eligibility for preservation grants and tax advantages. Beyond its charm, the property’s true upside lies in its versatility. The expansive lot and prime downtown location create a unique canvas for redevelopment, whether envisioned as mixed-use, residential conversion, office space, boutique hospitality, or a creative community hub. The generous acreage provides flexibility rarely found in a central urban setting.
This is a standout opportunity for investors, developers, or visionaries seeking a project that combines character, scale, and strategic location, while benefiting from potential historic preservation support!
Investment highlights
Multiple factors affect the uses with which this land may be developed. These factors typically include
size, shape, utility, access, visibility, location within a flood plain, and environmental concerns.
Based on current MU-2 zoning, there are a wide variety of physically possible uses including high
density residential development of 16-24 units per acre, with 16 units per acre being the minimum.
Various Commercial and Mixed-Use uses are physically possible with a maximum height limitation of
65 feet with applicable building setbacks. The property has been owned and operated as a D51
School and for school administration for its entire life. This type of special use is also physically
possible, although the decline in public school enrollment has been declining and schools have been
closing with plans for the subject offices to be moved to a newer, more updated facility.
The subject site having 1.15 acres, includes sufficient site size to accommodate residential,
commercial and mixed use developments, all of which are considered to be financially feasible uses.
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