Description
Apartment land!! Also, Income producing while you obtain approvals!! Waterfront multifamily development opportunity located in the federal opportunity zone and also eligible for downtown development district grants, credits, and fee waivers. The property currently has a 3920 SF office building that is leased so the property cash-flows while you are going through the development approval process. Zoning could allow for 8 - 11 residential units. Recent new apartment projects have 100% leased up very quickly showing the demand in the market. Two sides of the property are along the waterfront with a newly installed riverwalk and bridge connecting other property along the riverfront. Also nearby are other potential development sites that can be offered together as part of this package. Ask broker for details.WaterfrontMultifamily development potentialCurrently leased - Generating income while going through the approval processFederal Opportunity Zone & Downtown Development grants available
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0BEDS
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0.57ACRES
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0BATHS
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01/2 BATHS
Description
Apartment land!! Also, Income producing while you obtain approvals!! Waterfront multifamily development opportunity located in the federal opportunity zone and also eligible for downtown development district grants, credits, and fee waivers. The property currently has a 3920 SF office building that is leased so the property cash-flows while you are going through the development approval process. Zoning could allow for 8 - 11 residential units. Recent new apartment projects have 100% leased up very quickly showing the demand in the market. Two sides of the property are along the waterfront with a newly installed riverwalk and bridge connecting other property along the riverfront. Also nearby are other potential development sites that can be offered together as part of this package. Ask broker for details.WaterfrontMultifamily development potentialCurrently leased - Generating income while going through the approval processFederal Opportunity Zone & Downtown Development grants available
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