Attention investors! This is your chance to own a highly sought-after corner lot in the heart of Highland Park. With R-C2 zoning and potential for increased zoning, this property is bursting with potential for redevelopment or as a revenue-generating asset. Location, Location, Location: Situated in the desirable Highland Park community, this property is close to amenities, schools, parks, and transit options.
Zoning Potential: Currently zoned R-C2, with the possibility of rezoning for further development, making it ideal for future multi-family or mixed-use projects.
Corner Lot: This spacious corner lot offers flexibility in design and ample space for creative development ideas.
Income Potential: The property features a 3-bedroom suite on the upper level and a 3-bedroom illegal suite in the basement, complete with a separate entrance. A perfect setup for rental income while you plan your redevelopment.
Current Lease: The current tenant agreement runs through August, providing immediate revenue with room for extension or new leases. Act fast to secure this opportunity! With its ideal location and numerous development possibilities, this property is sure to attract significant interest. Don't miss out on this unique chance to invest in Highland Park.
Contact us today for more information and to schedule a viewing!
MLS ® #: A2124980
Listing Office: TrustPro Realty
Date Listed: April 26, 2024 - 30 days on site
Last Updated: May 25, 2024 07:37am MST
$818,000