Detailed Introduction Of This Home
SCREAMING DEAL! Income of $3,200 for commercial use of the lot plus an additional $2,000 for the sign per month totaling $62,400 per year! Buy it for its income stream alone or collect income while you entitle it for redevelopment. Leases are on a month to month basis and can be increased or terminated at any time. Sign can be removed by the buyer at any time in the future, if desired. Great opportunity to own a rare flat level lot zoned C3. Although sold for land value only, there is an existing home on the site that could be remodeled with additional commercial and/or residential improvements. Repurpose the property as desired or use it as-is. With new codes, it should allow for both residential and commercial development with potential for residential bonus developments. Easy to build-out with all utilities in place. Both street access and convenient alley access for more development choices and opportunities. Completely fenced, locked, and secure. Property may also be suitable for a small lot subdivision, multi-family residential, single-family dwelling, commercial and/or residential condominium project in addition to a commercial and residential development by right. Check with the County and your architect for all details related thereto. Extraordinary opportunity for a large, scarce, flat, unique, and desirable property along a major thoroughfare. Seller may be able to furnish renderings for a 6-unit development allowed by right upon approval of the architect for its release and dissemination. Architect may be available to be hired to continue with the approval process for the proposed development. Sold in its present condition and "as is". No warranties of any kind or representations made regarding the property whatsoever. Buyer to conduct their own independent investigations. Standard sale. No court approval necessary. Copies of expired leases, now on a month to month basis, may be furnished upon request. Do not disturb occupants. Because it is being sold for land value only, an interior view of the home will only be allowed upon an accepted offer, if deemed necessary and requested.