Liberal zoning allows for almost all uses. Shopping center, 260 unit apartment building, major retail chain and much more. City pre-approved for 60,000 sf retail shopping center. Land cost 8.5mil, total construction cost 7.7mil, when leased and stabilized at $32 a foot, property will be netting 1.7mil per year, making this property worth over 27.5mil at today's capitalization rate. After all costs, make a true $9,950,000 profit. Plus meet current city master plan and can easily get approved.
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.
