If the description would say Exceptional adaptive reuse opportunity with all major approvals already in place. This property is fully approved for the conversion into 26 residential units: 22 one-bedroom apartments and 4 two-bedroom apartments. Architectural, MEP, and all necessary site approvals are secured, allowing a developer to begin construction immediately. The building has already undergone interior demolition, significantly reducing upfront time and costs.
Adding to the value, Phase I and Phase II Historic Tax Credit approvals have been obtained, creating the potential for substantial financial incentives for qualified buyers.
The property is ideally situated with ample on-site parking and convenient access to shopping, restaurants, and major transportation routes. This is a rare, shovel ready development opportunity with approvals in place, valuable historic tax credit eligibility, and tremendous upside in a growing market.