Positioned in a highly desirable growth corridor, this 7.18±-acre, CR-1 zoned property presents a rare opportunity to acquire income-producing land with immediate and long-term development potential. The flexible CR-1 zoning supports a broad mix of commercial and residential uses, making this site ideal for developers, investors, or owner-users seeking scale and versatility. The property is currently occupied by 8 month-to-month tenants, generating $10,850 in monthly income ($130,200 annually). This allows a buyer to maintain cash flow while entitlements, design, or phased redevelopment are pursued—a true value-add scenario. Water/sewer is located at the front of the property in the street. BONUS VALUE – EXPAND YOUR FOOTPRINT An adjoining ±1+ acre CR-1 parcel is also available, improved with a (to be) fully renovated home and office, to be connected to public water and sewer. Offered for an additional $875,000 (pricing will adjust if purchased as-is). Acquiring both parcels creates enhanced frontage, increased density potential, and greater development flexibility.
185 days
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76
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4
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Zillow last checked:
Listing updated:
Listed by:
Andrew Ball410-422-3672,
SVN |Miller Commercial Real Estate410-543-2440,
Co-Listing Agent: Kelly Jeter410-543-2440,
SVN |Miller Commercial Real Estate
Source: Bright MLS,MLS#: DESU2104366
Facts & features
Property
Lot
Size: 7.18 Acres
Details
Additional parcels included: An adjoining ±1+ acre CR1 parcel is also available, improved with a (to be) fully renovated home and office, to be connected
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