Prime LR2 (M1) Development Site – Value in Land. High-potential lot for townhomes or a cottage housing community. Zoned LR2 (M1), this site supports increased density with a 1.4-1.5 FAR (Floor Area Ratio) and 40' height limits under current standards. The existing structure is a teardown and sold as-is (Do Not Disturb Tenants). Precedent for high-capacity use is established next door, where an 8-unit townhome project is already under construction, ideally suited for "missing middle" housing or a cluster cottage development in a high-demand area. Discussions have included 8-unit townhomes or 4-unit cottages. No minimum parking required if within an Urban Center/Village (buyer to verify). Secure this builder-ready site today!