$475,000
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Property Description
Discover a remarkable opportunity at 199 South Ave! Tailored for developers, investors, and contractors, this property is situated within the general business district and qualifies as part of the multiple use overlay district, offering vast potential for enhancement and redevelopment. Explore the attached conceptual plans presenting a 3 story building proposal. Picture 2-3 commercial retail units on the lower level and 12 one-bedroom apartments, 6 per floor, complemented by 15 parking spots. This property currently features a single-family home w/ detached garage in need of renovation.Buyers are responsible for verifying zoning regulations and obtaining necessary permits.Gas, electric, & water are connected to the house, while town sewer connection remains to be completed. Located just 0.4 miles from the commuter rail, schools, and downtown amenities, 199 South Ave presents an attractive investment prospect.Bring your vision and unlock the full potential of this property!
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Highlights
- Parking Spots: 4
- Year Built: 1900
- Property Class: Commercial Sale
- Status: Closed
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Additional Details
- Zoning: Gr / Gb
- Zoning Description: Legal Non-Conforming
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Fees / Taxes
- Buyer Agent Compensation: 2.5%
- Tax Year: 2024
- Facilitator Compensation: 2.5%
- Taxes: $4,806
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Listing information provided courtesy of Waterfront Realty Group.
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