28,000 SF Site located on Lincoln Ave and Winnemac, perfect for a residential condominium, multi-family, mixed-use or stand alone retail/medical office development. 220 Feet of frontage along Lincoln. Currently zoned B2-3 with a Type 1 zoning approval. Permits are active through July 2023 for 2 of the four buildings. Current approvals are for 24 condominium units within 4 buildings of 6 units each building with 4 simplex units of 3 bedroom 2.5 bathroom units of 1,700 SF and 2 duplex down of 4 bedroom 3.5 bathroom 2,800 SF each. ARO is 10% of total unit count restricted to 2 apartments, currently ARO allows for rental units this could be amended to condo for sall. Planned infrastructure improvements along Lincoln with expansion of sidewalks, make this an ideal location to develop your next marquee residential or commercial project. This property is under receivership. 4.5% commission with 2.00% going to the buy side. Call broker for access to due diligence folder which has engineering, environmental, updated permits, ARO covenant and site surveys. Not many sites of this size and frontage come along.
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District 299
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Listing History
01-03-2022
Listed at $5,990,000
03-16-2022
Price decreased by $1,090,000 to $4,900,000
01-06-2023
Status changed to Under Contract
02-06-2023
Status changed to Active
02-22-2023
Status changed to Under Contract
03-09-2023
Price decreased by $900,000 to $4,000,000
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