Build your next multifamily rental project next to the beautiful Rockland Golf Course within a new luxury residential subdivision starting construction Fall of 2024. Zoning is approved for medium density. A concept site-plan illustrates two 18-unit residential buildings (16 two bedroom units & 2 one bedroom units in each building) for a total of 36 units with 16 underground parking spaces per building plus 12 shared surface parking spaces. The new subdivision will have 234 units (100 towns, 122 Apts, & 12 condos). The listing price of $2,070,000 reflects a value of $1,085,000 per building lot being sold as one block. The projected market value of each completed building is greater than $6,950,000 based on the income approach. Roadways, sewer, water, hydro and gas services will be provided to the lot line by the Seller. Includes geotechnical, environmental and traffic studies. File for site-plan and go. Full architect drawings for the proposed 18-unit buildings are available if desired. (id:47421)
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Detailed Information
Lot
321.25 x 140.17 ft
Listing Contract Date
2024-05-13
Municipal ID
690590055
Ownership Type
Freehold
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
R3 - multifamily
Building
Land
Total Size
1.03 acres
Access Type
Road access
Acreage
Yes
Size of Irregular Land
1.03
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