This prime 8,734 square-foot corner lot presents a rare development opportunity in a high-demand location. Currently approved for a four-story building with 20 residential units, the property offers significant potential for expansion. With a revised architectural plan, the space can be optimized without requiring a variance, allowing for greater flexibility and maximizing value. Developers have the option to build up to 34 affordable housing units, benefiting from 485(x) tax abatements and Opportunity Zone incentives, or pursue a mixed-use development featuring a 4,000-square-foot community facility alongside 25 market-rate apartments. The strategic location and zoning flexibility make this an exceptional investment opportunity.

Listing courtesy of B Square Realty barbieli@bsquarerealty.com


Based on information submitted to the MLS GRID as of 2025-04-26 11:56 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.