Logan Heights Mixed Use / Development Opportunity

Highlights:

• Covered Land
• Development Upside
• Corner Lot
• Fully Leased
• Large Lot
• Mixed Use

Description:

Prime covered land play offering strong current income and exceptional future development potential. A fully leased property that generates $118,000 in annual NOI (4.92% cap rate). Situated on a 17,586 SF lot, and zoned CC-3-6 within the Complete Communities Tier 3 overlay, the site supports a FAR of 6.5—allowing for up to 114,309 SF of total floor space development. With 1–2 years remaining on existing leases, there's near-term potential for redevelopment into 40+ residential units with ground-floor retail or live-work spaces. The information in this listing is believed to be accurate, but we encourage all buyers to verify the details themselves. The listing agent is not responsible for any errors or omissions.