Bank owned residential R-4 zoned property available. Two nice sized residential lots currently combined into one tax parcel and improved with a small office building that is a former single family home converted to office use. County says that pre-existing approval to use property as an office did not convey with ownership transfer and any new buyer will need to undergo full site plan approval and apply for approval to use as office. County says that a buyer purchasing the property as is could demolish existing 1950 era structure and rebuild four residential units on the property, or renovate the building back into a home with opportunity to build an up-to 750 sf accessory structure apartment or villa on the property in addition to the existing renovated home. Location of existing building encroaches on required side setback from middle property line which makes lot split unlikely without a waiver from the county without demolishing the existing building. Opportunity for investor; substantial multi family rentals in this nighborhood. Listing is presented as a residential redevelopment opportunity either through redevelopment into two single family lots, two duplexes, or a quadplex, or alternatively as a conversion of existing building back to residential home with development opportunity of an additional 750 sf apartment on the site. Existing structure has been rebuilt into an office, has no kitchen nor residential baths or living areas. Buyer responsible for performing their own due diligence with County to confirm redevelopment potential. Property sold as is with no warranty from seller or listing agent.
Listing courtesy of STILLWATER COMPANIES REALTY. 321-231-5829
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