$1,100,000

This property is located off of the high-trafficked North 19th Avenue corridor with lots of visibility. The annual average daily traffic count is 24,000 vehicles per day. The lots are currently zoned R-O (Residential Office District) and are being re-zoned to B-1 (Neighborhood Mixed Use). It is perfect for multifamily residential development, professional office, and smaller scale retail, and the location is ideal given its proximity to the high school, public services and transit. A 42-unit multifamily project has been designed for the site by Springer Group Architects. It would make for a great adorable or transitional housing project. In addition to the returns on the project itself, putting up affordable housing also creates bonus density opportunities on other development projects.