Seize the chance to develop affordable housing in a prime location with the potential to construct over 100 units, leveraging the Complete Communities program’s generous Floor Area Ratio of 6.5. This opportunity is within a stone’s throw of the 32nd & Commercial Trolley Station, just 800 feet away, under the Transit Priority Overlay. The offering includes three parcels with a total combined area of 26,030 square feet, and with Tier 3 incentives via Complete Communities, there’s the possibility to build up to 169,195 square feet. Situated in an Opportunity Zone, this property is a golden opportunity for developers, with RM3-7 & RM2-5 zoning allowing for a density of 1 unit per 1,000-1,500 square feet by right. This is a not-to-be-missed prospect for those looking to make a mark in the realm of affordable housing within a Transit Priority Area. (All renderings for conceptual and for illustrative purposes only. Contact appropriate professional for all details and be satisfied prior to closing.)
Corner Lot, Public Street, Sidewalks, Street Paved
Big Block Realty, Inc..
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Listing information last updated on December 2nd, 2024 at 10:19am PST.