Description
This investment property, ideally situated near Lake Placid, offers a prime location with immense potential for both residential and commercial development. The listing consists of two separate parcels that must be sold together. These adjoining parcels are positioned on a corner lot, providing excellent visibility and accessibility, and are currently zoned residential with the possibility of rezoning to commercial use, making this an ideal location for a wide range of development opportunities. The first parcel features a tri-plex on 0.3280 acres, with 1,428.80 feet of road frontage along Kingsbury St./Hwy 90. The tri-plex spans a total of 2,637 square feet, with three one-bedroom, one-bath units, offering immediate rental income potential or the opportunity to renovate and enhance the current structure. The second parcel, located on 0.2360 acres, faces Reiley Road and includes a 1,624-square-foot manufactured home with three bedrooms, two bathrooms, and a carport. This parcel provides additional space for potential expansion or redevelopment. The property is situated in a growing area, surrounded by businesses already zoned commercial. The neighboring property to the tri-plex houses a restaurant, while the property across Reiley Road features a marina. This thriving commercial activity increases the potential for rezoning and offers options to transform the existing buildings or redevelop the site into a new commercial property. Whether you're looking to improve the current structures or pursue redevelopment, this property offers flexible opportunities for future growth.
