Prime Multifamily Development Opportunity! This 1.55-acre vacant lot is zoned for high-density residential, allowing for up to 12 units per acre, with the potential to build 19 units. Located in a thriving area, this property is perfect for developers looking to capitalize on the growing demand for multifamily housing. With easy access to schools, shopping, and major roads, it’s an ideal spot for apartments, townhomes, or duplexes. Whether you're an investor or a builder, this land offers strong income potential and endless possibilities. Opportunities like this don’t last!
Financial Considerations
Price:
$499,000
HOA Fee:
N/A
Tax Amount:
$2652
Price per SqFt:
$7.39
Tax Legal Description:
SEC 20 TWP 15 RGE 22 PLAT BOOK H PAGE 042 PLEASANT VIEW HEIGHTS BLK 2 LOTS 8.9 & THE E 77 FT OF LOTS 6.7 BLK 3 & ALL OF ELDORADO ST & PLEASANT VIEW (D-70) BLK 2 LOT 2 N 111 FT ALL BEING MORE PARTICULARLY DESC AS: BEGIN AT THE SE COR OF LOT 8 PLEASANT VIEW HEIGHTS TH N 286 FT TO AN INTERSECTION WITH THE S ROW LINE OF SUNSET DR (SE 14TH ST) TH W 243 FT TH S 198.36 FT TO AN INTERSECTION WITH THE NLY ROW OF THE SEABOARD COASTLINE RR PT BEING ON THE ARC OF A CURVE CONCAVE SWLY HAVING A RADIUS OF 1472 .41 FT TH SELY ALONG THE ARC OF CURVE A CHORD BEARING & DISTANCE OF S 57-23-35 E 162.63 FT TH E 106.07 FT TO THE POB & THE WLY PT OF AN ALLEY LYING S OF SE 14TH ST & N OF LOT 4 WOODROWS (A-178)