$140,000

Prime multifamily development opportunity on approximately two acres zoned R-3A, allowing for up to 16 residential units. R-3A zoning supports higher-density residential development, making this property well suited for townhomes, apartments, or multiple small residential buildings (buyer to verify specific use and site plan requirements with zoning). The land is partially wooded with a rolling slope, ideal for terraced construction and efficient layout of multiple structures. One mobile home is permitted, providing flexibility for interim use or future planning. The property offers access to city sewer while remaining on Bloomingdale Water, resulting in no city taxes—a significant cost advantage for long-term investors. The owner was advised by zoning that there are no current plans for annexation into the city. Located conveniently near Stone Drive and John B. Dennis Highway, this property provides strong connectivity to major corridors, employment centers, shopping, and dining, while still offering a quiet setting. An existing old home foundation and old septic tank are present on the property. A small creek runs along the lower portion, adding natural separation and potential aesthetic value. With favorable zoning, infrastructure availability, and a strategic location in a growing area, this tract presents a compelling opportunity for developers and investors seeking density and long-term upside. Property lines are estimated buyers to verify. A LICENSED REAL ESTATE AGENT MUST BE PRESENT FOR ALL SHOWINGS. UNAUTHORIZED ACCESS WITHOUT AN AGENT IS CONSIDERED TRESPASSING . A SMALL GRAVEL PULL-OFF IS LOCATED NEXT TO THE FOR-SALE SIGN—PLEASE PARK THERE AND THE WALK THE PROPERTY WITH YOUR AGENT. Please contact the listing agent for additional details or questions. Catrina Fletcher ~ (423)967-1318