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Executive Summary
The offering includes an existing commercial building that was previously approved for demolition, though those approvals have since expired. Prior plans submitted an 8-story, 235-unit multifamily residential development, creating a repositioning opportunity for a new development consistent with current land use policy and zoning allowances.
Given its prime boulevard frontage, established development momentum, and adjacency to key regional destinations, the property represents a compelling opportunity to deliver new residential product within a rapidly transforming urban environment.
Given its prime boulevard frontage, established development momentum, and adjacency to key regional destinations, the property represents a compelling opportunity to deliver new residential product within a rapidly transforming urban environment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
12,656 SF
Building Class
C
Year Built
1965
Price
$6,995,000
Price Per SF
$552.70
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.90 AC
Zoning
CUPD-CU-2-4 - Intended to accommodate development with pedestrian orientation and high density
residential use.
Parking
44 Spaces (3.48 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Corner Lot
- Signage
- Drive Thru
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 466-610-11 | Improvements Assessment | $212,241 |
| Land Assessment | $7,322,335 | Total Assessment | $7,534,576 |
Property Taxes
Parcel Number
466-610-11
Land Assessment
$7,322,335
Improvements Assessment
$212,241
Total Assessment
$7,534,576
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