Description
Commercial or Residential Development opportunity for Investor or Owner-User: 2.34 level acres of BL (Business Local) zoned property with a sliver of DR5.5 with approximately 240 feet of road frontage on Eastern Ave. The assemblage is two lots and improved by three buildings. Lot 1 is known as 12531 Eastern Ave. and is 1.3AC zoned BL with approx 130 feet of road frontage and is improved by a three level structure (lower, main & upper) which is a former residence and can be converted to office/retail, or razed for new construction. Lot 2 is known as 12529 Eastern Ave and is 1.05 acres zoned BL with a sliver of DR5.5 and is improved by a three level structure (lower, main, & upper) that is currently occupied by a month to month residential tenant, and is also improved by a large 1,152 sf garage structure with two bays. Both structures on this lot can either be converted to retail/office use or razed for new construction. This lot has approximately 110 feet of road frontage. The assemblage is located next to the new Royal Farm convenience store and gas station at the corner of Eastern Ave and Graces Quarters Rd. Substantial commercial development and new housing construction is taking place in the area. All buildings total approx 5,510 gross sf over all levels.
Description
Commercial or Residential Development opportunity for Investor or Owner-User: 2.34 level acres of BL (Business Local) zoned property with a sliver of DR5.5 with approximately 240 feet of road frontage on Eastern Ave. The assemblage is two lots and improved by three buildings. Lot 1 is known as 12531 Eastern Ave. and is 1.3AC zoned BL with approx 130 feet of road frontage and is improved by a three level structure (lower, main & upper) which is a former residence and can be converted to office/retail, or razed for new construction. Lot 2 is known as 12529 Eastern Ave and is 1.05 acres zoned BL with a sliver of DR5.5 and is improved by a three level structure (lower, main, & upper) that is currently occupied by a month to month residential tenant, and is also improved by a large 1,152 sf garage structure with two bays. Both structures on this lot can either be converted to retail/office use or razed for new construction. This lot has approximately 110 feet of road frontage. The assemblage is located next to the new Royal Farm convenience store and gas station at the corner of Eastern Ave and Graces Quarters Rd. Substantial commercial development and new housing construction is taking place in the area. All buildings total approx 5,510 gross sf over all levels.
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