Great 60-unit multi-family redevelopment opportunity on 4.13 acres site with 36,662 SF existing 3 story former office building. Current CI-Commercial Intensive zoning allows 40 units/acre 70’/5-Stories high development. The offering includes the full working drawings, ready for Building Permit for Phase one, conversion of the existing building to 40 units condominium/apartments, and schematic drawings for Phase two, new 20 townhouses on the 2.71 acres excess land. The conversion plans for Phase 1 of Kensington Apartments are designed for 24 one Bedroom, 22 two Bedroom and 4 three Bedroom units. The Schematic plans for Phase 2 are designed for 16 two Bedroom and 4 three Bedroom townhouses. Approximately $168,350 Impact Fees Credit is available from the existing improvement to be used towards the new redevelopment project. Dual access to the property from Evans Avenue via Swamp Cabbage Court, and Winkler Avenue, subject to City approval.
