|Price/Rent PSF||$ 1,600,000.00|
Just South of Harrison Street between US1 and I-95
Zoned R-3 with a future land use of high density residential, this +/- 8.6 acre site has engineering completed for 120 multi-family units. Allowable density is currently 15 units per acre. The site plan has six buildings with 20 units each. The center of each building 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. There are two parcels in this sale and an additional 7 acre parcel to the West is available for additional units. 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.