***REZONING APPROVED*** Mixed Use Zoning (MUH21 F4.5). Allows height up to 21 METERS. HEIGHT GOOD FOR 6 STORIES OF DEVELOPMENT & F.A.R of 4.5 !!!. Mixed Use on the main floor is optional. PRIME MULTI-FAMILY DEVELOPMENT OPPORTUNITY ON 0.40 ACRE SITE. EXCELLENT WHYTE AVENUE AND UNIVERSITY AREA! GREAT LOCATION FOR SIX STORIES OF RESIDENTIAL OR MIXED USE DEVELOPMENT. Fantastic Redevelopment Opportunity in the Whye Avenue and University Area. This site is 4 lots measuring 33’ x 132’ totaling 132’ wide x 132’ deep, for a TOTAL OF 17,424 sq.ft. Directly south of South Park’s approved development including four Towers up to 16 stories. Excellent church tenant in place with triple-net lease on building providing holding income until February 2027 (May be able to relocate tenant sooner if needed). Garage has rental income as well.
Michael Pavone
The Michael Pavone Realty Group
