Description
Positioned just blocks from North Beach, this 2.5-acre assemblage presents a rare chance to invest in a rapidly evolving coastal area. The sellers prefer to sell all three properties together, with this parcel being the largest and currently used as residential. One of the properties already includes a rental unit, providing immediate income potential. Zoned RM-AT Multifamily (1, 2, 3) and AT Districts (Section 4.4.1.C), this location is primed for multifamily development, vacation rentals, or a high end coastal retreat. The North Beach Project, an ambitious redevelopment effort, could significantly enhance property value potentially creating waterfront access in the future. With its proximity to the beach, major attractions, and increasing demand for coastal rentals, this is a golden opportunity for savvy investors looking to capitalize on short-term and long-term gains.
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0BEDS
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1.16ACRES
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0BATHS
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01/2 BATHS
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1,040SQFT
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$1,106$/SQFT
School Ratings & Info
Description
Positioned just blocks from North Beach, this 2.5-acre assemblage presents a rare chance to invest in a rapidly evolving coastal area. The sellers prefer to sell all three properties together, with this parcel being the largest and currently used as residential. One of the properties already includes a rental unit, providing immediate income potential. Zoned RM-AT Multifamily (1, 2, 3) and AT Districts (Section 4.4.1.C), this location is primed for multifamily development, vacation rentals, or a high end coastal retreat. The North Beach Project, an ambitious redevelopment effort, could significantly enhance property value potentially creating waterfront access in the future. With its proximity to the beach, major attractions, and increasing demand for coastal rentals, this is a golden opportunity for savvy investors looking to capitalize on short-term and long-term gains.