Retail Redevelopment Opportunity

Description:

Ideal for national tenant, drive through retail, or for development of a significantly larger asset. 1.93 Acres of Commercial Land, Block 3300, Lot 2, Zoned Business, Premium Location. Available for sale as a whole or to be subdivided into two lots. Zoning analysis suggests a 4 story building may be achievable with a height variance. Recommendation for a typical floor size of 8,000 SF for a total of 32,000 SF. Architect recommendations includes 3 different lot configurations and about 125 parking spaces. Download Zoning Analysis. DO NOT DISTRUB DINER. Tours outside only and by appointment.

Approvals have not been pursued and there are no plans to do so. We believe the highest and best use might be redevelopment with retail at the ground level and medical on upper levels.  However, there are certainly many other possible uses.  Pricing guidance (3.5m - 7m) really depends on the structure of the acquisition which can be done a few different ways, either selling the whole lot with or without diner leaseback, or subdividing leaving the diner in place with a restructured parking lot design.






Premium Location


High Traffic


Development Opportunity