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Lot: 0.06 acre
7718 BRUSH New Build Opportunity! 3 vacant lots totaling 8, 820 sq ft – 7718 Brush, 405 Smith and 409 Smith. Seller requires a development proposal with at least 2 units of housing. Please refer to the proposal guidelines before submitting an offer.Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights & may require a payment in lieu of taxes to approve such requests.The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase & development financing.