Description

402 & 404 W Columbus Drive - compelling corner lot with alley access, three blocks from Armature Works. Two parcels totaling 15,240 SF, 120 feet of frontage on W Columbus Drive and 127 feet on N Massachusetts Avenue. Currently zoned CG with broad commercial use allowances. Future land use is CMU-35 - up to 12 dwelling units (35 du/ac) or 30,480 SF of development at 2.0 FAR. Designated Opportunity Zone with potential additional density under the Live Local Act. Value is in the land, but two existing triplexes grossing $7,100/month let you carry the asset while you entitle it. Four luxury townhomes under construction at 401 W Amelia Ave, eight more at 405 W Amelia Ave, both adjacent to the site. Surveys, arborist report, and development concepts available upon inquiry. Drive by only - do not walk the property or disturb tenants.