Prime Multi-Family Development Opportunity – 8.52 Acres
An exceptional opportunity to acquire a fully entitled multi-family development site offering scale, flexibility, and strong upside potential. This 8.52-acre parcel, zoned Multi-Family R-3-M, is approved for up to 204 residential units and is currently designed for 180 units across 15 twelve-plex buildings.
The site benefits from an efficient, well-conceived layout, and existing building plans may be included, providing a streamlined path toward development and reduced time to market. With zoning already in place and density approvals secured, this property is ideally suited for developers seeking a shovel-ready multi-family project.
Adding to the investment appeal is a potential joint venture opportunity, allowing for creative capital structuring. Additionally, an adjoining 1.25-acre retail parcel is available for separate purchase, offering the potential for complementary mixed-use development and enhanced long-term value.
Offered at $6,400,000, this property represents a compelling opportunity in a growing market with demand for quality multi-family housing.