This property for sale comprises a 5000 square foot vacant lot with a 1250 square foot garage structure. Here are the key details:
Lot Size and Structure: The lot measures 5000 square feet, providing ample space for development. Additionally, there is a 1250 square foot garage structure already present on the property.
Zoning: The property is zoned R6A/C2-4 with a commercial overlay. This zoning designation allows for a mix of residential and commercial development.
R6A: This residential zoning typically permits medium-density apartment buildings or multi-family homes. It may have specific regulations regarding building height, density, and other factors.
C2-4 Commercial Overlay: This allows for commercial uses such as retail stores, restaurants, offices, etc. It may also have its own set of regulations regarding building size, usage types, and parking requirements.
Buildable Square Footage:
Residential: The property allows for the construction of up to 15000 square feet of residential space.
Commercial: Up to 10000 square feet of commercial space can be built.
Community: Additionally, there is 15000 square feet designated for community use, which could include parks, community centers, or other public amenities.
Advantages of Corner Lot:
Being a corner lot offers advantages such as increased visibility and accessibility, potentially making it more desirable for development or business purposes.
The lot coverage allowance of 80% means that a significant portion of the lot can be built upon, maximizing the use of the available space.
Utilities: The lot is level graded and has electricity service on site, which can be advantageous for development purposes.
Development Potential: Based on the available square footage, approximately 21 housing units can be built on the property. However, it's essential for potential buyers to verify this with their architect and ensure compliance with local regulations and zoning requirements.
In summary, this property presents an attractive opportunity for mixed-use development, with potential for both residential and commercial spaces, as well as community amenities. The corner lot location and zoning allowances add to its appeal for prospective buyers looking to invest in real estate development in the area.