Catylist ID: #30568923
Multifamily Assets/DTE Zoned Lots For Sale
Multi-Family for Sale
|Catylist Listing ID:||30568923|
|Number of Units:||2 Units|
|Building Size (RSF):||2,131 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||9,450 - 18,750 SF|
|Unit Price:||$415,000 Per Unit|
|In Opportunity Zone?||Yes|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
Overview / Comments
Preferred Shore Commercial is pleased to offer for sale two contiguous, oversized DTE zoned lots with development opportunities right in the Gillespie Park neighborhood.
One lot enjoys a fully occupied duplex, while the other has an occupied single family home, which could be converted into a duplex (2/1&2/1). The rentals are producing $47,000 Annual NOI. The DTE zoning allows for 11 Units (up to 5 stories) to be built on this site in the future with purchase of potential city right of way in rear of property can add lot square footage and increase the allowable density to 14 units.
The owner is in the process of dividing the parcels into three separate parcels. The lots can be sold all together, or can be ala carte. The vacant lot is 5,450 SF.
Pricing for individual parcels as follows:
1735 10th St: $475,000 (Duplex)
1755 10th St: $375,000 (Single Family Residence, can be converted to duplex)
1745 10th St: $230,000 (Vacant Lot)
Keep the existing buildings cash flowing and build a new single family home in between the existing buildings.
Attachments & Media
|Nearest MSA:||North Port-Sarasota-Bradenton|
|Zoning:||DTE - DOWNTOWN EDGE|
|Total Number of Buildings:||1|
|Proximity:||1 mile||3 miles||5 miles|
Jason D'AgostinoPREFERRED SHORE MFCRE Member
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