Nancy Hershoff
This listing was posted on Nancy Hershoff (via ListedBuy).
$2,950,000
Lower Matecumbe 1BR 2BA, Land Use Attorney has
Price:
$2,950,000
BR/BA:
1 BR, 2 BA
Location:
Alabaster, AL
Description:
Land Use Attorney has stated: Islamorada Tennis Club 76800 Overseas Hwy, Lower Matecumbe Key, Islamorada, FL 33036 Parcel#:00396950-000200The Property is approximately 3.2 Acres. 1 Acre is classified as environmentally sensitive. The Property is categorized within the Future Land Use Map (FLUM) as Mixed Use (MU) and is within the Village Center (VC) Zoning District.1. What is the maximum buildable square footage left on this property based off previous development orders? VC allows a floor area ratio (FAR) of 0.35. According to a 2017 pre-application letter prepared by the Village of Islamorada 33,492 sf is recognized as buildable. 33,492 x 0.35=11,722 sf max FAR, 11,722-8,130=3,592 sf of FAR remaining. Code allows up to a 10,000 sf building. Storage must be in a standalone building if the existing building is to be re-purposed.2. Can this property be converted to affordable housing with commercial? Yes. The optimal layout would be first floor commercial with deed restricted affordable housing as a second, and possible third floor use.3. How many affordable housing units can be placed on the property? Depends on the layout. A minimum of 25 units (LDC Sec.30-692(b)(3)). Also look to the newly adopted 'Live Local Act' for additional entitlements in Florida Statutes. The seller says there might be a possibility of up to 45 units but the buyer must confirm with the Village of Islamorada. Still available at ListedBuy!
Property Type:
Commercial & Office Space for Sale
Amenities:
Storage, Tennis
For sale by:
By Owner
Agent Name:
Nancy Hershoff
MLS Number:
605899
Posted:
January 2 on ListedBuy
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More About this Listing: Lower Matecumbe 1BR 2BA, Land Use Attorney has
Lower Matecumbe 1BR 2BA, Land Use Attorney has is a One Bedroom Two Bath Commercial Real Estate for Sale in Alabaster AL. Find other listings like Lower Matecumbe 1BR 2BA, Land Use Attorney has by searching Oodle Classifieds for One Bedroom Two Bath Commercial Real Estate for Sale in Alabaster AL.
Lower Matecumbe 1BR 2BA, Land Use Attorney has is a One Bedroom Two Bath Commercial Real Estate for Sale in Alabaster AL. Find other listings like Lower Matecumbe 1BR 2BA, Land Use Attorney has by searching Oodle Classifieds for One Bedroom Two Bath Commercial Real Estate for Sale in Alabaster AL.