5919 Old Branch Avenue

Description

BACK on the market financing fell through. Great location to Build a church, daycare or 8 single family homes each a 1/4 acre lot in size, in a revitalization tax credit district. This lot is zoned R80 We have plans for 8 single family homes that you can build on this almost five acres lot. Or you can built up to 14 town homes if you wish. Motivated seller. There is a single family home on the lot that is remodeled and can sell for $300,000 that is the #8 home or 8th lot if you want to take it down. This land has 200 feet of road frontage * Owner financing with 40% down might be possible. PUBLIC SEWER , ELECTRIC AND WATER CONNECTED.This property is zoned R-80 (One Family Detached Residential) consisting of 4.344 acres (189,224 sq ft). You are required to have minimum net lot area of 9,500 square feet per lot in the R-80 zone in order to develop. You must also have a minimum 75+GG lot width at the front building line and 50+GG lot width at the front street line. Each lot is required to have direct street frontage. I have attached the residential regulations handout showing the development regulations for the most common residential zones. There is enough land area to subdivide this property into 19 lots. That does not take into account any land area that may be required for roads to create access to lots. If you intend to keep the existing house on the site, it must also meet all the development requirements.