REDEVELOPMENT

Highlights

• PROPERTY HIGHLIGHTS
• Folio: 01-4115-026-0611
• Sub-Division: NATOMA PARK
• Primary Zone: T5R
• 3 Beds / 2 Baths
• Floors: 1 | Living Units: 1 Actual Area:
• 2,183 Sq. Ft Living Area: 1,561 Sq. Ft Adjusted Area:
• 1,581 Sq. Ft
• Lot Size: 5,200 Sq. Ft
• LOCATION HIGHLIGHTS
• Along UNDERLINE
• Between Coconut Grove & Brickel
• Within the TOD
• T 5R zoning/ 65 units per acre
• SITE DETAIL
• Land Size: .5200
• Zoning : T 5-R
• Parcel ID :01-4115-026-0611
• To be delivered with Approved plans
• Asking $1,400,000.00

Description

The opportunity consists of redevelopment of the existing $5400.00 monthly and redeveloping two luxury townhomes

The lots benefit from favorable T5-R zoning, which allows for development density of 65 units per acre "by right."

The property sists in the TOD (transit orient development boundary) allowing for even greater density and intensity

The property is currently a single-family home in the "Natoma Park" subdivision. The median listing

home price in Natoma Park was $1.5M in December 2022, trending up 22% year-over-year. The median

listing home price per square foot was $613. The existing property is 2,100 ft on a 5,200 ft lot.

The property abuts the underline directly to the South. In our analysis, the highest and best use

is as a redevelopment for either two upscale twin homes or four-row house townhomes.

The underline will experience new development and revitalization.

LOCATION HIGHLIGHTS

Along UNDERLINE

Between Coconut Grove & Brickel

Within the TOD

T 5 R zoning / 65 units per acre