Rare DH3 Redevelopment Opportunity – 10+ Unit PotentialExceptional investment and development opportunity on a 6,720 sq ft lot zoned DH3 (Dixie Highway High Intensity Multi-Family District). This prime parcel allows up to 8,399 sq ft of total building area (FAR 1.25), 3 stories, and unlimited residential density.The existing 2-bed/2-bath home (~730 sq ft, built 1951) is currently rented at $2,500/month, providing immediate cash flow. However, the real potential lies in redevelopment: this site can realistically support 10+ apartment units or a mixed-use building with retail on the ground floor.Key Development Specs:Max Building Area: 8,399 sq ftMax Height: 35 ft / 3 storiesMinimum Open Space: 40%Allowed Uses: Multifamily, mixed-use, retail, restaurants, offices, hotel, and more
Listing courtesy of RE/MAX 5 Star Realty.
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