Description

This property presents an excellent opportunity for leveraging the Live Local Act program, given its prime location just 0.5 miles from the Okeechobee Metro Rail station, which includes an eight-story development. The site is strategically situated adjacent to a public school on the east side and bordered by an industrial site to the north. Potentially zoned for 70 units per acre under Neighborhood Business District (NBD) regulations, the property can accommodate up to 35 units. Currently generating $6,500 per month from two fully rented structures (3/1, 3/2, and 1/1 units), the highest and best use of this property is the land. Benefit from ongoing rental income during the development process.