Description
The available parcel of land spans an impressive 15.23 acres and presents an excellent opportunity for development. Situated conveniently, the land boasts a prime location with direct road access from each side of the land and offers a variety of possibilities for commercial and residential projects.
The property’s frontage on the road makes it an ideal setting for neighborhood commercial development. The expansive space available can accommodate various businesses, such as retail stores, restaurants, or offices, catering to the needs of the local community. It can accommodate a range of project sizes, from smaller, niche developments to larger mixed-use complexes. This adaptability allows developers to tailor their projects to the specific needs and demands of the market, ensuring the potential for a successful and profitable venture.
Given the land’s strategic location, the development holds promising prospects for attracting a diverse customer base. Its accessibility to major transportation routes, public transit, and nearby amenities, such as schools, shopping centers, and recreational facilities, enhances its appeal to potential residents and customers.
Before commencing any development, it is crucial to conduct thorough feasibility studies, including market analysis, environmental assessments, and infrastructure evaluations. Understanding the local zoning regulations and obtaining the necessary permits and approvals are also essential steps in the development process.
The combination of neighborhood commercial space on the road frontage and multifamily housing on the remaining land offers a balanced and attractive proposition. With careful planning, market analysis, and adherence to local regulations, this land has the potential to become a thriving community, contributing to the economic growth and meeting the housing and commercial needs of the area.
- Principal and Interest
- Property Tax
- HOA fee
