Former De Lasalle Academy private school site in which classes were held in portable units. The site is improved, and high and dry, with all infrastructure available and is built-in. Front 1.5 acres can be purchased for $1,200,000 and rear 3.67 acres for $3,500,000. It is currently being leased to a general contractor for construction material storage while they construct a multi-family project across the road. Their lease started in May 2022 and will expire in May 2023, with a month-to-month arrangement thereafter. The rent is currently $4,500/Month Gross but will increase to $5,000/Month Gross after May 2023. The Property is zoned Apaloosa Lane CPD, which allows a 140-room hotel and 30,000 SF Office/Retail Use. Alternatively, the site can be used for 60,000 SF Office/Retail use with no hotel use.
PLEASE SEE THE ATTCHED “SUPPLEMENT” FOR MORE DETAIL.