This is a rare chance to secure a sizable footprint in a growing corridor, perfect for future development with flexible potential. The sale includes several adjacent vacant lots that the owner purchased in November 2024 from GSPDC, which presents exciting development potential (will not sell separately):
– 1541-43 South Ave (Tax ID: 078.-01-28.0)
– 1537-39 South Ave (Tax ID: 078-01-29.0)
– 1535 South Ave (Tax ID: 078.-01-30.0)
– 1531 South Ave (Tax ID: 078.-01-31.0)
– 1525 South Ave (Tax ID: 078.-01-33.1)
The 20′ x 132′ strip from the adjacent 1537-39 South Ave allows for a potential private driveway. The remaining portion of 1537-39 South Ave has been merged with 1535, 1531, and 1525 South Ave to create a new consolidated parcel—Lot 6B (1525 South Ave)—totaling 23,496 SF. This area is intended for future mixed-use development. Newly Formed Lots: – Lot 11A (1541-43 South Ave): Encompasses 6,996 SF, including space for the planned driveway. Total Combined Land Area: 30,492 SF
The downstairs unit is currently occupied by a reliable tenant since October 2024, paying $1,100/month on a flexible month-to-month lease. The upstairs unit is vacant and ready for new occupants, previously occupied by the owner, offering a chance for immediate rental income or personal use. The property is professionally managed by a reputable property management company, ensuring hassle-free maintenance and lawn care.
** Information regarding the vacant lots is attached**
