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 development. Key zoning highlights include… Read More 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
69
Last Updated
Property Type
Townhouse
Beds
3
Full Baths
1
Partial Baths
1
Square Ft.
1,960
Lot Size
0.15 Acres
Year Built
1909
MLS Number
DCDC2164372
Additional Details
Basement
Partially Finished
Building
1,960 sqft living area, 1,420 sqft above grade (finished), 540 sqft below grade (finished), 180 sqft below grade (unfinished), Built in 1909, Structure Type: End of Row/Townhouse, 3 levels, Federal, Brick
Cooling
Electric, None
Foundation
Slab
Heating
Natural Gas, Hot Water
Lot
6,740 sqft, 0.15 acres
Property
Other Structures: Above Grade, Below Grade, Soil Types: Unknown
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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