This site is an excellent Multi-Family Development Project in a solid location which is perfectly suited for a medium density development of multiple units. This site is situated within the Transit Oriented Communities (TOC) Tier 1 zone which allows for a 50% bonus in the number of allowed units by right, with the condition of allocating a small percentage of affordable housing. Additionally, under this revised zoning, the new parking requirement is 0.5 per bedroom, plus a menu of additional incentives for a developer such as additional height and increased FAR. Buyer to verify all incentives and requirements with the appropriate city office. Can be packaged with neighboring parcel for a combined total of 11,611 SF.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
