Redevelopment opportunity at the former Cambridge Place Retirement Community. Approx. 68,925 SF of interior space on approx. 1.265-acre lot. Built in 1929; remodeled in 1985 (steel studs throughout). Updates 2021-current. 10’-16’ wall height. Paved, off-street parking lot with security fencing. Some new windows and a security system with motion sensors. Zoned R-6 Multi-Family High Density; Buyer to verify its intended use with City. 2023 Taxes: $6,985.26. Structurally sound. Phase I & II, sprinkler bid, historic property records, and architectural drawings for 80+ living units available. Commercial kitchen. 2 elevators (one needs a complete upgrade; other needs belts). Cable to all rooms. ADA compliant doorways. Some mold remediation needed.
***Discretion Advised: Offensive graffiti on premises from vandals.
*** Discretion Advised: Health-sensitive individuals should use precaution.
ALL OFFERS WILL BE CONSIDERED. Being sold As-Is, Where-Is.