Located amazingly close to downtown and the beach! This property was used as a 2 unit property. A fire destroyed one unit and the rear unit is currently rented. This is a great redevelopment lot. Market conditions for rentals in this area are very attractive. This property offers a developer the opportunity to build approximately 10,000 feet of multifamily space on multiple levels. Amazing access to City Center, recreation, shopping, bars etc. Don't miss out on this! A properly developed property can offer CAP rates approaching 15% based on our initial underwriting. New product in this market is rare and as soon as offered would garner a high quality tenant for a high quality product.