$765,000
Rare nearly 1-acre redevelopment opportunity on Arrow Blvd with substantial upside under current R-2 zoning. City planning currently states the property is limited to residential use only, though buyers may pursue entitlement, nonconforming use, or exemption options. Property includes a 2,687 SF commercial building; a second approx. 984 SF building divided into offices/classrooms/storage; and a 923 SF 1 bed/1 bath residence needing rehab and a new roof. Approx. 15 paved parking spaces plus 2 ADA spaces. Large rear gravel lot previously used for truck rental storage. Current zoning may allow up to 12 townhomes. Historical permits and other files from the city available on request.
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Listed by Jeffrey Sklar with Beycome Brokerage Realty Inc. (804) 656-5007
Property Type
Single Family Residence
Status
Active
MLS Number
26830923
Year Built
1926
Lot Size
0.93 acres