Welcome to an unparalleled investment opportunity in the heart of the city! This historic commercial building, situated on a bustling high-traffic street, is now available for sale, presenting an ideal prospect for entrepreneurs and investors alike. Steeped in a rich history dating back to its construction in 1939, this two-story… Read More gem exudes timeless charm and character. The property's expansive lot spans 15,000 square feet, boasting dimensions of 200 ft x 75 ft. This generous lot size provides ample space for outdoor amenities, expansion, or potential future developments. With a ground elevation of 99 ft, the property not only offers a commanding presence but also provides a vantage point that enhances visibility. Zoning versatility is a key feature, with the property falling under multiple districts, including R5, C2-1, and HS. This diverse zoning allows for a range of development options, catering to both residential and commercial purposes. The Residential Floor Area Ratio (FAR) of 1.25 indicates the potential for residential development, while the Facility FAR of 2 opens up opportunities for commercial or institutional use. The current building's FAR as built stands at 0.71, utilizing a portion of the maximum allowable floor area. With a maximum usable floor area of 18,750 square feet, there is significant untapped potential for expansion or redevelopment. The usable floor area as built is currently 10,650 square feet, leaving 8,100 square feet of unused FAR, providing the perfect canvas for customization and future growth. This unique combination of a historic building with substantial unused development rights, coupled with a strategically located and generously sized lot, makes this property an extraordinary investment opportunity. Explore the possibilities, capitalize on the available square footage, and make your mark in this prime location. Contact us today to discover how this property can be the foundation for your vision and success. Read Less
Courtesy of Salmon Realty Group.
Listing Snapshot
Days Online
23
Last Updated
Property Type
Single Family
Square Ft.
10,799
Lot Size
0.34 Acres
Year Built
1939
MLS Number
2501768
30 Days Snapshot Of 10301
$647k
+4%
(avg) sold price
16
+14%
homes sold
155
-26%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1939, Building area total: 10,799, Leasable area: 10700, 1 building, 1 total story, Construction materials: "Block"
Heating
"Forced Air", "Natural Gas"
Lot
0.34 acres, 15,000 square feet, Area: 15,000
Parking
"Street"
Property
Zoning: C2-1
Sewer
"City"
Taxes
Tax annual amount: $51,558
Utilities
Electric: "220 Volts"
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