15.6 Acres Multi-Family-Up to 234 Units
Listing was updated at: 01/23/2019
Property Overview
Price/Rent PSF $ 2,200,000.00
Asset Type Land
Trade Type Sale
Acres Available 15.60
Date Available 01/23/2019
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Description

Location
Just South of Harrison Street between US1 and I-95

Sale
Zoned R-3 with a future land use of high density residential, this +/- 15.6 acre site can be used to develop up to 234 multi-family units. There are three parcels in this sale. Allowable density is currently 15 units per acre. The current site plan for the 8.6 acre parcel has six buildings with 20 units each; however both properties can be combined to create up to 234 units. The center of each building in the 8.6 acre site plan is three stories and each end is two stories. The footprint works with either two bedrooms in the center and one bedrooms on the ends (12 two bedrooms and 8 one bedrooms) or the reverse (12 one bedrooms and 8 two bedrooms).
Available documents include a site plan, Phase 1 environmental, Topos and habitat surveys. The property is just West of the La Cita Golf & Country Club and East of the Royal Oak Golf Course.
The seller will consider a JV or Seller Financing.

Location