Remarks

Welcome to an unparalleled investment opportunity in the heart of the city! This historic commercial building, situated on a bustling high-traffic street, is
now available for sale, presenting an ideal prospect for entrepreneurs and investors alike. Steeped in a rich history dating back to its construction in
1939, this two-story gem exudes timeless charm and character. The property's expansive lot spans 15,000 square feet, boasting dimensions of 200 ft x
75 ft. This generous lot size provides ample space for outdoor amenities, expansion, or potential future developments. With a ground elevation of 99 ft,
the property not only offers a commanding presence but also provides a vantage point that enhances visibility. Zoning versatility is a key feature, with
the property falling under multiple districts, including R5, C2-1, and HS. This diverse zoning allows for a range of development options, catering to both
residential and commercial purposes. The Residential Floor Area Ratio (FAR) of 1.25 indicates the potential for residential development, while the
Facility FAR of 2 opens up opportunities for commercial or institutional use. The current building's FAR as built stands at 0.71, utilizing a portion of the
maximum allowable floor area. With a maximum usable floor area of 18,750 square feet, there is significant untapped potential for expansion or
redevelopment. The usable floor area as built is currently 10,650 square feet, leaving 8,100 square feet of unused FAR, providing the perfect canvas for
customization and future growth. This unique combination of a historic building with substantial unused development rights, coupled with a strategically
located and generously sized lot, makes this property an extraordinary investment opportunity. Explore the possibilities, capitalize on the available
square footage, and make your mark in this prime location. Contact us today to discover how this property can be the foundation for your vision and
success.

Details

MLS#: 2404955
Price: $2,300,000

Style: Commercial
Sq Ft: 10700
Year Built: 1939

County: Richmond
Lot Size: 200x75
Tax Fee: 51558