Description
Great 60-unit multi-family redevelopment opportunity on 4.13 acres site with 36,662 SF existing 3 story former office building. Current "CI-Commercial Intensive" zoning allows 40 units/acre 70'/5-Stories high development. The offering includes the full working drawings, ready for Building Permit for Phase one, conversion of the existing building to 40 units condominium/apartments, and schematic drawings for Phase two, new 20 townhouses on the 2.71 acres excess land. The conversion plans for Phase 1 of Kensington Apartments are designed for 24 one Bedroom, 22 two Bedroom and 4 three Bedroom units. The Schematic plans for Phase 2 are designed for 16 two Bedroom and 4 three Bedroom townhouses. Approximately $168,350 Impact Fees Credit is available from the existing improvement to be used towards the new redevelopment project. Dual access to the property from Evans Avenue via Swamp Cabbage Court, and Winkler Avenue, subject to City approval.
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0BEDS
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1.43ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Great 60-unit multi-family redevelopment opportunity on 4.13 acres site with 36,662 SF existing 3 story former office building. Current "CI-Commercial Intensive" zoning allows 40 units/acre 70'/5-Stories high development. The offering includes the full working drawings, ready for Building Permit for Phase one, conversion of the existing building to 40 units condominium/apartments, and schematic drawings for Phase two, new 20 townhouses on the 2.71 acres excess land. The conversion plans for Phase 1 of Kensington Apartments are designed for 24 one Bedroom, 22 two Bedroom and 4 three Bedroom units. The Schematic plans for Phase 2 are designed for 16 two Bedroom and 4 three Bedroom townhouses. Approximately $168,350 Impact Fees Credit is available from the existing improvement to be used towards the new redevelopment project. Dual access to the property from Evans Avenue via Swamp Cabbage Court, and Winkler Avenue, subject to City approval.
The data relating to real estate for sale on this limited electronic display come in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than Southwest Florida R.E. Group LLC | MVP Realty are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Data last updated 2023-05-31T00:25:21.38. Some properties that appear for sale on this website may no longer be available. For the most current information, contact Southwest Florida R.E. Group LLC | MVP Realty, 239-880-8536, . Licensed in the State of Florida.
Listing courtesy of Cre Consultants Llc: 239-659-1447.