Prime redevelopment directly along the underline, "grove chic residence".
the offering is comprised of (1) single-family home & 1 duplex totaling +/- 14,000 feet of land.
the lot(s) assemblage allows 50 units via live local on (5) floors reducing parking by 80-85%. This development could deliver the highest & best use as a boutique condo building or a more traditional rental building.
the lots benefit from favorable t4-l zoning. The property sits in the tod (transit orient development boundary) allowing for even greater density and intensity and a complete elimination of parking requirements.
the property abuts the underline directly to the south. In our analysis, the highest and best use is as redevelopment for a mixed-use project with anywhere from 50 to 60 units on 5-6 stories.
Features
All features
Property SqFt: 6600
Remarks: Prime redevelopment directly along The Underline, "GROVE CHIC RESIDENCE". The offering is comprised of (1) single-family home & 1 duplex totaling +/- 14, 000 feet of land. The lot(s) assemblage allows 50 units via Live Local on (5) floors reducing parking by 80-85%. This development could deliver the Highest & Best Use as a boutique condo building or a more traditional rental building. The lots benefit from favorable T4-L zoning. The property sits in the TOD (transit orient development boundary) allowing for even greater density and intensity and a complete elimination of parking requirements. The property abuts the underline directly to the South. In our analysis, the highest and best use is as redevelopment for a mixed-use project with anywhere from 50 to 60 units on 5-6 stories.
Internet Remarks: Prime redevelopment directly along The Underline, "GROVE CHIC RESIDENCE". The offering is comprised of (1) single-family home & 1 duplex totaling +/- 14, 000 feet of land. The lot(s) assemblage allows 50 units via Live Local on (5) floors reducing parking by 80-85%. This development could deliver the Highest & Best Use as a boutique condo building or a more traditional rental building. The lots benefit from favorable T4-L zoning. The property sits in the TOD (transit orient development boundary) allowing for even greater density and intensity and a complete elimination of parking requirements. The property abuts the underline directly to the South. In our analysis, the highest and best use is as redevelopment for a mixed-use project with anywhere from 50 to 60 units on 5-6 stories.
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Agustin Duarte • RE/MAX 360 Real Estate • Buyer Agency Compensation .
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