Listed by Zilla Real Estate, Inc
$1,659,000
Site plan approved for 126 units all utilities present
Details
APN 30-3111-041-0250
Property Type Multifamily, Mixed Use
Sub Type Residential, Commercial
Square Footage 17,156
Units 126
Tenancy Vacant
Class B
Stories 14
Lot Size (SqFt) 0.39
Zoning NCUAD-MC (Center)
Parking Spaces 80 spaces
Parking Per SqFt 4.66
Investment Type Redevelopment
Ground Lease No
Sale Condition For sale by owner
site plan approved 126 unit project
Marketing description
EMAIL ME FOR THE FULL DD FOLDER ON THIS PROJECT
Investment highlights
- Site-Plan Approved - Final ASPR plans stamped for a 14-story, 126-unit multifamily tower with +/-2,720 SF of ground-floor retail.
- POINTS OF CONNECTION FOR 12 INCH WATER MAIN AND 8 INCH GRAVITY SEWER READY TO CONNECT TODAY! WASD LOA and POC available.
- Property bigger than property records. (Approved scaled down 56 unit/8 story site plan option available as well).
- Seller Financing - Purchase with as little as 25% down on favorable seller-note terms (flexible IO payment period).
- Scalable Program - By-right density allows an expansion up to 185 units or, conversely, downsizing to a more conservative phase. A 56 unit rendering has been through the pre approval process with the county.
- Opportunity Zone + CRA - Capital-gains deferral plus CRA Tax-Increment Funding (TIF) worth up to $189 k/yr.
- Deep Cost Savings - Impact-fee waiver & sales-tax refund drive $1.71 M of first-cost savings; 75% property-tax abatement yields $283 k/yr in OpEx relief.
Listing Contacts
Listed by Zilla Real Estate, Inc
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