100 Lorraine Terrace

Description

Unlock the potential of this prime 24,178 square foot lot, offering a rare opportunity to create something truly special in a highly sought-after location. Zoned R1-7, which currently permits single-family development with a 7,000 square foot minimum lot size, this site provides a solid foundation for residential projects. Given its proximity to Lorraine Terrace, a neighborhood of apartment buildings, there may also be an opportunity to seek a zoning variance for a larger-scale residential development.Conveniently positioned with easy access to major highways, public transportation, schools, and local amenities, this site is perfectly situated for growth and development. To the north, the Oakwood Gardens complex of nine 5-story apartment buildings offers a potential neighbor for a larger residential project. The east side of Lorraine Avenue features three apartment buildings totaling 26 units, further enhancing the areas appeal.Whether you're an investor, developer, or visionary home builder, this lot offers an exciting blank canvas to shape the future of this thriving community.Disclaimer: This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage, age, zoning, lot size are approximate. Buyer must verify the information and bears all risk for any inaccuracies