Courtesy of: Jon Fisher, MR. LANDMAN, jonfisher1991@gmail.com
Courtesy of: Jon Fisher, MR. LANDMAN, jonfisher1991@gmail.com
$4,950,000
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Lot: 32.50 Acres
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Other
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$4,950,000
00 Corner of 8th St SE & 6th Ave SE 32.50 acres (1, 415, 700 sf) inside city limits, zoned R-3 High- Density Residential. R-3 uses a site-area formula: for townhomes/multifamily up to 4 units, 7, 000 sf for the first unit + 3, 000 sf each thereafter; beyond 4 units, 7, 000 + 3, 000 (next 3) + 1, 000 per additional unit. Max building coverage 70%; typical front/side/rear yards apply. This framework supports efficient, phased multifamily development. A 2012 feasibility study for this 32.50-acre R-3 site concluded it can support ~525 apartments. While R-3's site-area rules could allow a higher theoretical count, real-world yield is driven by setbacks, parking ratios, utilities, stormwater, and open-space programming. Use ~525 units as the planning ceiling and size infrastructure accordingly. Recommend phased delivery (e.g., 150-200 units per tranche) with amenities sequenced to absorption, preserving acreage for circulation, greenspace, and potential future add-ons.
Courtesy of: Jon Fisher, MR. LANDMAN, jonfisher1991@gmail.com
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