Description
PRICE REDUCTION on this excellent investment/development opportunity on contiguous 602 & 606 N Government Way properties in CDA that encompasses 0.31 acres within the DO-N (Downtown - North) Overlay District. Options include personal or rental use with a history of +$4100/month income, or for the developer: utilizing Infill Design Standards found on the City of CDA's website under ''Planning Dept.'- this property is potentially open to development (with bonuses) up to an allowable 2.0 multiplier (FAR) floor area ratio. On 0.31 acres, this can amount up to 27,000 SF of livable area that can be developed, minus floor area dedicated to parking, elevators, & other variables. This DO-N Overlay district FAR calculation places no restriction on the number of units that can be built, as long as acceptable SF is not exceeded & the maximum building height of 45 ft is not exceeded. Check with the city as you are encouraged to bring your vision and plans to bear on this excellent opportunity.
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6BEDS
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0.31ACRES
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2BATHS
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11/2 BATHS
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4,106SQFT
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$414$/SQFT
Description
PRICE REDUCTION on this excellent investment/development opportunity on contiguous 602 & 606 N Government Way properties in CDA that encompasses 0.31 acres within the DO-N (Downtown - North) Overlay District. Options include personal or rental use with a history of +$4100/month income, or for the developer: utilizing Infill Design Standards found on the City of CDA's website under ''Planning Dept.'- this property is potentially open to development (with bonuses) up to an allowable 2.0 multiplier (FAR) floor area ratio. On 0.31 acres, this can amount up to 27,000 SF of livable area that can be developed, minus floor area dedicated to parking, elevators, & other variables. This DO-N Overlay district FAR calculation places no restriction on the number of units that can be built, as long as acceptable SF is not exceeded & the maximum building height of 45 ft is not exceeded. Check with the city as you are encouraged to bring your vision and plans to bear on this excellent opportunity.
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