Calling all Developers and Builders! Luxury Townhome site available blocks from Downtown, Armature Works, and the Riverwalk. This RM-24 lot is approved for four townhomes. Site and Foundation permits are complete and ready to go. After a long permitting process, we were able to maximize the buildable area and have the east two units not have to face the Right-a-way on Highland Avenue. The main building on site has been demolished, just the back garage is left to be removed. Property faces the beautiful storybook round-a-bout park area on Highland Avenue. Townhome comps are selling for $493 a SF down the street (2116 N Highland Ave #D, sold 2/05/24). The building permit is still in progress so a buyer would have the opportunity to redesign the current plan to suit their budget. Currently the plan is for luxury townhome with elevators and rooftop balconies (Unit A - 2,675 SF, Unit B - 2,395 SF, Unit C - 3,087 SF, Unit D - 3,159 SF, Total - 11,316 SF) A buyer could build spec and sell at top dollar or cash flow as Airbnb assets! Please see renderings of current building plans. Survey and site plan are attached. Please Call Logan Payne with Payne Free Development LLC for further information.
