Discover one of the last remaining high-exposure corner lots on rapidly developing NW 27th Avenue. This is a rare opportunity to acquire a buildable multifamily site in a booming corridor surrounded by new construction, major retailers, and infrastructure upgrades.
Site plan included for 24 large 1-bedroom, 1-bath units designed to current code. Permits have not been pulled: plan can be customized or redesigned.
Although the site plan is for 24 residential units, commercial or mixed-use are also options.
Unmatched Location & Growth
Situated on NW 27th Ave, a key thoroughfare with ongoing commercial and residential expansion.
Just minutes from the new Walmart plaza, Starbucks, Downtown, I-95, US-441, and the Turnpike.
Drive along 27th Ave and surrounding areas—witness the surge of development happening now.
Opportunity Zone
Subject property is located within a Qualified Opportunity Zone; take advantage of the many major tax incentives and deferrals including paying 0% tax on capital gains upon the sale of the property if built and held for 10 years or more.
The property is eligible for a county grant of up to $300,000 to assist with construction costs. In addition, the county will also split demolition costs 50/50.
Seller financing available—flexible terms. Call for details.
Numbers That Make Sense
Land comps: Active listings at $60K–$86K per unit, recent sales at $42K (disqualified) to $82.5K per unit.
Subject property price: Under $40K per unit—six figures below market value!
Nearby rental rates: 1-bed units renting for $1,600 – $2,100/month—strong demand in the area.
Projected costs & returns:
Construction estimate: ~$3.5M
Total project cost: Under $4.5M
Projected end value: $7M+ ? $2.5M+ instant equity.
Potential CAP Rate: ~10%—highly attractive for investors.
Act Now – Rare Opportunity in a Hot Market.
Do not disturb tenants. Call today for more details.