Description
Redevelopment opportunity on 3+ prime acres on the WATERFRONT! Currently 4 parcels, 2 small businesses, and an additional storage building, with ample parking. This property allows for 6 stories as a matter of right, and transfers with an approved variance for a 12 story mixed-use building containing 200 apartments and commercial space, and providing 257 parking spaces. 1148 Davol is located in both an HDIP zone and an Opportunity zone, making it eligible for multiple tax credits. Market Rate housing has already proven to be an overwhelming success with a waitlist at Commonwealth Landing right next door. This location has it all! Incredibly convenient access to Route 79, and is just steps away from the incoming Commuter Rail stop, restaurants, Battleship Cove, the Carousel, the Boardwalk, along with unlimited outdoor recreation, and the monuments at Bicentennial Park. There is no better time to get in on the housing boom in the South Coast, and no better location! Unlimited potential.
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0BEDS
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3.2ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Redevelopment opportunity on 3+ prime acres on the WATERFRONT! Currently 4 parcels, 2 small businesses, and an additional storage building, with ample parking. This property allows for 6 stories as a matter of right, and transfers with an approved variance for a 12 story mixed-use building containing 200 apartments and commercial space, and providing 257 parking spaces. 1148 Davol is located in both an HDIP zone and an Opportunity zone, making it eligible for multiple tax credits. Market Rate housing has already proven to be an overwhelming success with a waitlist at Commonwealth Landing right next door. This location has it all! Incredibly convenient access to Route 79, and is just steps away from the incoming Commuter Rail stop, restaurants, Battleship Cove, the Carousel, the Boardwalk, along with unlimited outdoor recreation, and the monuments at Bicentennial Park. There is no better time to get in on the housing boom in the South Coast, and no better location! Unlimited potential.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-04-12T14:08:28.727.