NEW PRICE - MOTIVATED SELLER POTENTIAL OUTSALE OF $8-$10 MILLION Seller Financing and/or Extended Settlement Available Prime Residential Development Opportunity Across from the newly-built Park Morton Apartments! This expansive 6,740 SQF flat lot with an existing end-of-row rowhouse presents a rare chance to capitalize on RA-3 zoning, allowing moderate-density residential… Read More development. Key zoning highlights include an FAR of 3.0, lot occupancy of 75%, and a building height allowance of up to 60 feet. This property offers versatile options for developers, including townhouse or 2 over 2 condos , a traditional multifamily building, or even assisted and senior-living facilities. By-right development provides upwards of 25,520 total square feet (20,220 above grade + 5,055 below grade). Development above (9) units is subject to additional bonuses and covenants required by the IZ+ program overlay. Contact the listing agent for more detailed studies, including a massing study for a 24-unit apartment concept. Renderings and documentation are available for review but are for informational purposes only. Buyers are encouraged to perform their own due diligence with zoning attorneys, architects, and civil engineers. Read Less
Courtesy of Chris Burns, TTR Sotheby's International Realty [email protected]
Listing Snapshot
Days Online
215
Last Updated
Property Type
Five Or More Units
Lot Size
0.15 Acres
Year Built
1909
MLS Number
DCDC2164404
30 Days Snapshot Of 20010
$880k
+4%
(avg) sold price
15
-11%
homes sold
38
-13%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
25,520 net sqft, Built in 1909, Brick
Cooling
Electric, None
Foundation
Slab
Heating
Natural Gas, Hot Water
Lot
6,740 sqft, Lot Size Dimensions: 41'6 x 162'7, 0.15 acres
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