The property is zoned ST-4 (Special Treatment District 4). This zoning opens up diverse opportunities for developers to cater to both the growing housing demand and the need for business spaces in the region. The current ownership has made significant strides in preparing the land for future development, substantially reducing the upfront costs and time for potential investors. Key investments include: 1. Demolition of Existing Structures: Ownership has already demolished the previous structures on the property, eliminating the need for prospective developers to navigate the complexities of demolition permits and labor. 2. Preliminary Plans for a 64-Unit Multifamily Project: The ownership has commissioned preliminary architectural plans for a 64-unit multifamily development. This project aligns with the zoning requirements (ST-4) and maximizes the site’s potential for residential development, especially given the rising demand for housing in the area. The preliminary plans provide a solid framework for developers to move quickly toward obtaining building permits, significantly shortening the pre-construction timeline. These proactive steps not only demonstrate the ownership’s commitment to optimizing the site but also present an excellent opportunity for investors to leverage these advancements, minimizing initial development risks and expediting the overall process.