Description

Motivated seller wants an offer. This property is zoned for multifamily development with a maximum of 10 units. The existing structure consists of two 2-bedroom, 1-bathroom units measuring 1225 square feet each, two 1-bedroom, 1-bathroom units measuring 850 square feet each, and one efficiency unit. Additionally, the building includes a laundry facility. The units have been mostly stripped and require finishing touches. Despite this, the building remains sturdy and features a newer roof, making it suitable for restoration or a different purpose. Considering its zoning designation for multifamily use and the surrounding properties, this property presents an excellent opportunity to serve as the anchoring point for your new condo, hotel, or apartment project. As there are neighboring properties that can be acquired along with this one, you have the potential to secure additional space for parking and any other land needs your project may require. Although the property did sustain wind and hurricane damage during Hurricane Ian, it can be repaired and used as a rental property. At the same time, you work on putting together the larger project if you so choose.

Provided by Gulf Coast Realty LLC