82,000 SF five story industrial building approved for conversion to 72 residential units.
Building sits on 1.3 AC of zoned MD-Res and Industrial use land. Property has undergone Phase I & II Inspections as well as Lead and Asbestos Remediation. Currently there is an active demo permit and demolition is underway. Property will be sold with all approvals, permits, and full construction docs. The new owner will literally be able to take over and continue with construction. A construction firm is in place and ready to get started or new owner can use their own firm. Current bid is 7.1M and post renovation value exceeds 13 million! Clearly a project worth considering. Seller will consider Joint Venture options.
Approved for 72 Residential Units!
- Jennifer deJesus
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