Development Site. Multi Family, Condominium, Work Force Housing, Micro Hotel or Office Redevelopment. Built-to-suit office building is available as an option. Site is within The St. Anthony's Hospital Overlay District and as a result, has an F A R of 2.5. Thus the site will allow for a maximum development of 58,800 Sq. Ft. mol with a 48 foot high restriction. Site is already zoned and the 2.5 FAR is automatically in place with no additional City requirements to get additional FAR. Site has flat topography with what appears to be very good drainage. Meaning we have never seen standing water on site even in heavy downpours. Site is not in an Evacuation Zone and due to a major hospital being 1 block east, we are told the power grid is one of the first to come back on line if power is even lost. Seller has survey with some topo.
Sales price is dependent upon the specific term on the Contract. This price is assuming a normal closing time line for a development considering zoning, height restriction of 48 feet and FAR of 2.5 are already in place.