LIVE/WORK/DEVELOP - Great office rental possibility. This 32,774 sqft. parcel is zoned M G U which allows for many different uses including but not limited to: Multi Family, Group Home, Hotel, Bar, Office, Structured Parking, School, Retail, Day Care, and Restaurant. This property is being sold for land value but can support cash flow as lease and is currently used as office, retail, and storage. Rents may cover carry costs while achieving approval of development plans with City of Lakewood for highest and best use. 275 Jay St is just feet off of heavily trafficked Alameda Avenue and is located just west of All Star Park. The area has achieved tons of new development just recently and is continuing in the area. 14+ additional lot spaces unoccupied and storage space unoccupied for addition income potential. Buy and hold is a strong possibility also. Property is being SOLD AS IS. Quick close possible.
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