East Atlantic Blvd: Prime high-traffic location featuring an approximately 32,000 SF lot. Plans were recently submitted to the city for a new mixed-use development project. The proposed two-story structure consists of 18 residential units on the second floor (12 one-bedroom and 6 two-bedroom units) and approximately 5,000 SF of commercial space on the first floor, totaling 14,47Net rentable area.
The owner may consider a joint venture with qualified developers. Upon completion, the project has a projected annual gross income between $700,000 and $800,000.