Listed by Corcoran Icon Properties
$1,150,000
The Flats at 528 B Street
Details
APN 010-035-022
Property Type Multifamily, Office
Sub Type Traditional Office, Creative Office
Square Footage 2,292
Units 24
Tenancy Vacant
Year Built 1969
Year Renovated 1995
Stories 5
Lot Size (SqFt) 8,400
Zoning CMU-Core Mixed-Use -Historic
Investment Type Redevelopment
Entitled Development: The Flats at 528 B Stree
Marketing description
Existing Office Building Of 2,292± SF & Entitlements For A Five-Story Mixed-Use Development
- Approved 24 Market Rate Apartments with Ground Floor Commercial OR 24 Market Rate Apartments with No Commercial
- Attractive multi-family infill project. Approved 24-unit, 5-story apartment with ground floor commercial.
- City will likely approve 24-unit, 4-story project without commercial.
- Alternative Design Concept: Residential only 4-story apartment with no ground floor commercial. Allows for Type-4 wood construction, negating the need for a concrete pedestal.
- Within close proximity to Railroad Square and Downtown restaurants, retail, banks, professional offices, government offices, brew pubs, tasting rooms, theaters, clubs, and live entertainment.
Investment highlights
- Attractive multi-family infill project
- Approved 24-unit, 5-story apartment with ground floor commercial
- City will likely approve 24-unit, 4-story project without commercial
- Alternative Design Concept: Residential only 4-story apartment with no ground floor commercial. Allows for Type-4 wood construction, negating the need for a concrete pedestal
- Within close proximity to Railroad Square and Downtown restaurants, retail, banks, professional offices, government offices, brew pubs, tasting rooms, theaters, clubs, and live entertainment
- 29,418± SF, 5 Story Mixed-Use Development
- 24-Market Rate Apartments on Floors 2-5
- Average unit size is 785 SF
- Ground Floor 4,000± sf Commercial Retail/Office Space
- No on-site parking is required- Existing adjacent 750 City parking garage provides required parking
- Design Review Approved 5-story residential/commercial
Listing Contacts
Listed by Corcoran Icon Properties
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