SELLER WILL CONSIDER FINANCING THE PURCHASE FOR A SHORT TERM. Here's an R3 lot with an older existing duplex on it in the heart of El Centro retail, restaurants and shopping. Check with the city planning department who says you can build up to 25 apartment units per acre on R3 land. Also, the city owns the parcel on the west side of this property which appears to be access to Barbara Worth Dr. See plat map. Could be a chance to either use or purchase this city owned parcel to add value to the end project. Assessor building record and plat map show the size of the property to be 59,400sf (1.36Ac). Rents on the duplex are $1500 per month which would provide you with an income while going thru the planning and development process. There are very few remaining R3 lots available in the El Centro area with amenities at a close proximity as this site. Address is 1651 & 1653 Barbara Worth Dr and the additional parcel numbers are 052-062-017 and 052-062-018. Attached renderings show more than 25 units and do not reflect the accuracy of number of units allow on the site, but simply provides buyer with a vision of the build out.
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
