Rare Development Opportunity! This 43,472 sq. ft. future multi-family development site is located in the family-oriented neighborhood of Willoughby. This property is currently designated as Medium Density Mixed Use (1.9 FSR) under the Smith Neighborhood Plan, however there is potential for higher density subject to city approval. The site is surrounded by active development applications and is generally a flat lot free from watercourses and creeks. Neighboring property 20815 72 Ave is also available for sale, creating a prime development corner. Home on property is currently tenanted providing holding income. With ongoing growth and infrastructure improvements, including Smith Athletic Park and new schools, this is a one-of-a-kind investment opportunity in a rapidly developing area.
Data was last updated December 27, 2024 at 02:10 AM (UTC)
Area Statistics
Listings on market:
94
Avg list price:
$1,838,500
Min list price:
$1,079,888
Max list price:
$13,500,000
Avg days on market:
71
Min days on market:
6
Max days on market:
506
Avg price per sq.ft.:
$550.35
These statistics are generated based on the current listing's property type
and located in
Willoughby Heights. Average values are
derived using median calculations.
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