Amazing opportunity to develop over 7 acres off Chancelor's Run Road! This purchase includes lots 6, 8, 9, 10, 12, 13 and 14 Horsehead Rd (all separate tax ID's).This property is zoned MXL (mixed low density) and can be used for commercial development, a residential subdivision, or a combination of both. Per seller, land is already county approved for 1-20 units per acre, and 37 units can be constructed on the property without TDR's. An affordable housing project could double the density . The county has this property in an opportunity zone which could offer great tax benefits. Per seller, county is willing to help with Metcomm cost and other fee's to help develop this area being that it is the only opportunity zone in the county. The attached plan is a concept plan showing 28 units but the right investor could go bigger, with perhaps an apartment building or condo units to maximize the use of density opportunities. Call with any questions!
Courtesy of: EXP Realty, LLC Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 19th October, 2021 7:18 AM