451 NW 31st Avenue

OPPORTUNITY ZONE- TAX ADVANTAGES. PLATTED AND ZONED B4 MIXED USE, HEAVY COMMERCIAL AND NOW RESIDENTIAL ONLY FOR PROPERTIES ZONED B4 ALONG OUR CORRIDOR. HIGH TRAFFIC AND CENTRALLY LOCATED BY TURNPIKE, I-95 ONLY 3 BLOCKS FROM NORTH ATLANTIC BEACH BOULEVARD. ABLE TO BUILD UP TO 105 FEET HIGH/ 10 STORIES OR 70 FEET WITHOUT HAVING TO INCREASE HEIGHT OF CELLULAR TOWER ON PROPERTY NOT INCLUDED IN SALE. ZONED B4 WITH ONLY 5 RESTRICTIVE COVENANTS COMPARED TO CITIES STANDARD 26 CURRENTLY SEE SUPPLEMENTAL REMARKS FOR DETAILS. SOLD AS-IS NEIGHBOR TO SOUTH OWNED BY REPUTABLE DEVELOPERS INTERESTED IN DOING A JOINT VENTURE COMBINING THIS SUBJECT PROPERTY OF 3.17 ACRES WITH THEIR 3.5 ACRES. 46 UNITS PERMITTED PER ACRE UP TO 275 UNITS WITH BOTH PARCELS BUT WOULD HAVE TO BE REZONED TO RESIDENTIAL. ZONED B4 MIXED USE, HEAVY COMERICAL AND RESIDENTIAL WITH ONLY 4 RESTRICTIVE COVENANTS COMPARED TO CITIES STANDARD 26 CURRENTLY 1. NO PAWN SHOPS- SECONDHAND STORES 2. NO USED CAR SALES OR STORAGE 3. NO ARCADE AMUSEMENT CENTERS 4. NO ASSEMBLY USES SUCH AS BOWLING ALLEYS, THEATERS, AND HOUSES OF WORSHIP 5. NO TRUCK OR TRAILER STORAGE ABLE TO BUILD UP TO 10 STORIES OR 105 FEET HIGH 5 OPTIONS FOR INGRESS/EGRESS CELLULAR TOWER (APPROX 1,200 SQUARE FEET) NOT INCLUDED IN SALE WILL REMAIN ON PROPERTY. EASEMENT WILL TRANSFER TO BUYER AND CAN BE USED FOR EXTRA POSSIBLE INGRESS/EGRESS. EASEMENT INCLUDES ROAD TO ACCESS TOWER OWNED BY AMERICAN TOWER AND IS APPROXIMATELY 2,100 SQUARE FEET.