5058 Sacramento St

Highlights:

• 15 Acres Zoned for Residential Development
• Future Land Use Potential for rezone to higher zoning density
• Great location in a remote neighborhood but close to University and the UTC Mall

Description:

The site is currently zoned as RE1 or only 1 unit per 2 acres.
The site was previously listed at $2.3M based on the FLU map.
The site is surrounded by parcels that have been rezoned to either RSF-1 (2.5 units per acre), RSF-2 (3.5 units per acre) or RSF-3 (4.5 units per acre).
However, it is very important to note, a previous buyer was unsuccessful in receiving a site plan approval for 55 units or 3.67 units per acre.
We have since reduced the asking price to $1.7M and recommend seeking the current density or a reduced FLU density.

University Parkway to Honore Ave south to Desoto Rd west to Harold Ave south to Sacramento St.
Though it is tucked within a lush tree-lined neighborhood; it is also only 1.4 miles away from the UTC mall.

The subject 15 acre site is bounded by trees, yet the site itself is mainly cleared. There is a 2526 SF home on site, along with an approximately 0.5 acre pond. There is also a large FPL easement on the east side of the parcel.

well

see FPL easement in documents

Documents: