Great investment opportunity with BR-1 zoning. Property was previously licensed for short-term rental / hotel / motel use and offers flexible redevelopment potential. Highest and best use may include rooming house, PadSplit, or hostel-style rental, subject to buyer verification and permitting. Property has been operated as a by-the-room rental, with utilities typically included. The existing layout previously supported a high room count, and the structure offers potential for reconfiguration and expansion of rentable rooms with redesign and approvals. Buyer to verify zoning, licensing, permitted use, occupancy limits, and redevelopment potential.
Financial Considerations
Price:
$850,000
HOA Fee:
N/A
Tax Amount:
$3243.35
Price per SqFt:
$126.09
Tax Legal Description:
38-15-33 E 50 FT OF LOT 8 & E 100 FT OF LOT 9 BLK 8 KINGSTON MB 3 PG 95 MB 15 PG 194 PER OR 3833 PG 1836 PER OR 7688 PG 2444