Commercial Land for sale
2711 Smith Street, Bridgeport RI, Richmond
$1,450,000
Features
Lot Size
4,026 sqft
Gross Property Tax
$12,430 /year
Zoning
IL-LIGHT INDUSTRIAL
Subject Property Width
33 ft
Subject Property Depth
122 ft
Permitted Land Use
Industrial, Mixed Use
Description
CBRE Limited is pleased to present an opportunity for an entry-level buyer to purchase a small-scale industrial zoned redevelopment site in the City Centre area of Richmond, in close proximity to Costco, River Rock Casino and the Bridgeport SkyTrain Station. Redevelopment Potential: This area is intended for medium-density, mid-rise commercial purposes including but not limited to hotel, office, retail, entertainment, etc. The City of Richmond permits a 1.2 FAR under the current IL Light Industrial zone with potential to rezone to commercial which would increase density to 2.0 FAR. Maximum building height is 25m. Possibility to acquire the adjacent sites increasing development site to 0.27 acres.
MLS® Number C8071072