This property is an exciting opportunity for investors and developers! Here's a
summarized breakdown of its features and potential:
? Lot Size: 28,845 sq. ft.
? Existing Structure: 1929-built single-family residence (2 bed / 1 bath)
? Development Opportunity: Large lot size and strategic location make this
parcel attractive for higher-density residential, mixed-use, or commercial projects
(subject to zoning and city approval).
Income Potential:
? Current Lease Income: Parking lot lease generates $13,000 annually.
Rental Potential: $1,800–$1,900/month (based on comparable market
rents).
? Pro-Forma Annual Gross Income: $34,600 (including residential rent and
parking lot lease).
? Development Opportunity: Large lot size and strategic location make this
parcel attractive for higher-density residential, mixed-use, or commercial projects
(subject to zoning and city approval).