Covered Land Play with Income

Highlights:

• Site is improved as follows:
• - 3BD/3BA 2,140sf single family home with pool and 2 car garage
• - 1,056sf tandem garage
• - 1,300sf storage garage
• - 2BD/1BA 1,250sf apartment above storage garage
• - small office building and pole barn

Description:

This 4.29 acre redevelopment site is located at the corner of Salerno Rd & Tower Drive, and adjacent to Cleveland Clinic's Martin South Hospital and Indian River State College. Short term tenancies offers investors and developers the opportunity to generate income while carrying this investment until ripe for development. Current gross income potential is approx. $126,000 annually. Contact agent for income & expense projection.

Current zoning is A-1A Agricultural, with a Future Land Use designation of Rural Density. Seller is in the process of applying for a Future Land Use change to COR (Comm/Ofc/Res), with a zoning of COR-2 (allows office and residential up to 10 UPA).


coming soon