• RX-3 zoning allows for 3-story building (44 feet high) by-right, with up to 5-stories (72 feet high) with density bonus, with no restrictions on dwelling units per acre • Property fronts Price Avenue with convenient alley access in rear • 0.46 acres (equates to 20,037 sf of land) • In-place income from existing tenant covers operating expenses during predevelopment period • Long-term tenant on month-to-month terms provides stable in-place income, with flexibility to Owner for redevelopment timing • Rectangular site with minimal topo, site is well sized and proportioned for infill student housing development