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The offering is comprised of (2) contiguous investment properties totaling +/-10,000 feet of land. The lot(s) assemblage allows (73) units via Live Local on (8) floors eliminating parking. This development could deliver the Highest & Best Use as a boutique condo building or a more traditional rental building. The lots benefit from favorable T5-O zoning. The property sits in the TOD (transit orient development boundary) allowing for even greater density and intensity and a complete elimination of parking requirements. The property abuts the underline directly to the South. In our analysis, the highest and best use is as redevelopment for a mixed-use project with up to 100 units.
| Address | Unit # | Price | %Chng | Bed/Bath | Square Feet | Square m2 | Maint/$ |
|---|---|---|---|---|---|---|---|
| 0 | $45,000 | 0/0 | 0 | 0 | $0 | ||
| 2960 Whitehead Street | $2,750,000 | 0/0 | 0 | 0 | $0 | ||
| 0 | $3,000,000 | 0/0 | 0 | 0 | $0 | ||
| 2821 SW 27th Ter | $3,400,000 | 0/0 | 0 | 0 | $0 |
| Unit # | Closed Date | Sold Price | List Price | Bed | Bath | Living Area | Days on Market |
|---|---|---|---|---|---|---|---|
| 10/24/2024 | $1,525,000 | $1,695,000 | 0 | 0 | 0 | 1 month |
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