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450,000(-5.56% )
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Status:
Active
Size: 0.3 Acres (1,214 m2)
Price: $1,416,667/Acre ($350/m2)
Type: Land
MLS Number: R11167649
On Site: 37 Days
Updated: 11 Days ago
Page Views: 0
Prime Multifamily Development Opportunity - Rm Zoning | Mr-5 Future Land Use
exceptional Vacant Lot Located In The Rm (residential Multifamily) Zoning District With An Mr-5 Future Land Use Designation, Offering Strong Development Potential. The Property Measures Approximately 89' X 148' (13,172± Sf), Providing A Functional Footprint For Multifamily Construction. Currently Allows Up To 2 Units By Right, With Potential For Increased Density Through The Purchase Of Transfer Of Development Rights (tdr) (buyer To Verify With Municipality). Ideal For Builders Or Investors Seeking To Maximize Yield In A High-demand Rental Market. Strategically Positioned Within Walking Distance To Restaurants, Schools, Shopping Centers, Medical Offices, And Pharmacies -- A Highly Desirable Location For Future
Features
All features
- Current Use: MultiFamily
- Approx SqFt Total Area: 13068
- Property SqFt: 13068
- Remarks: Prime Multifamily Development Opportunity - RM Zoning | MR-5 Future Land Use Exceptional vacant lot located in the RM (Residential Multifamily) zoning district with an MR-5 Future Land Use designation, offering strong development potential. The property measures approximately 89' x 148' (13, 172± SF), providing a functional footprint for multifamily construction. Currently allows up to 2 units by right, with potential for increased density through the purchase of Transfer of Development Rights (TDR) (buyer to verify with municipality). Ideal for builders or investors seeking to maximize yield in a high-demand rental market. Strategically positioned within walking distance to restaurants, schools, shopping centers, medical offices, and pharmacies -- a highly desirable location for future
- Internet Remarks: Prime Multifamily Development Opportunity - RM Zoning | MR-5 Future Land Use Exceptional vacant lot located in the RM (Residential Multifamily) zoning district with an MR-5 Future Land Use designation, offering strong development potential. The property measures approximately 89' x 148' (13, 172± SF), providing a functional footprint for multifamily construction. Currently allows up to 2 units by right, with potential for increased density through the purchase of Transfer of Development Rights (TDR) (buyer to verify with municipality). Ideal for builders or investors seeking to maximize yield in a high-demand rental market. Strategically positioned within walking distance to restaurants, schools, shopping centers, medical offices, and pharmacies -- a highly desirable location for future
- Waterfront: No info
- Directions: South
- Days on Market: 25
- Office Name: Gulfstream Real Estate Solutions, Inc
- Taxes: 7115
- Tax Year: 2025
- Listing Date: 2026-02-28T19:00:00.000-00:00
- Lot Size Square Feet: 13068
Apples-to-Apples Comparables
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Price History
03/25/2026
Date
Price Reduced
Event
$425K
Price
-5.56%
Change Rate
$33 ft2 / $350 m2
Price Per
03/01/2026
Date
Listed
Event
$450K
Price
$34 ft2 / $371 m2
Price Per
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Taujhae Oladejo • Gulfstream Real Estate Solutions, Inc • Buyer Agency Compensation .
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