Zoning Change in Progress Exceptional Investment Opportunity. This unique property consists of two PIDs currently zoned Harbor Related Industrial (HRI), with a letter of rationale submitted to transition both to Commercial Light Industrial (CLI). The citys principal planner has indicated that the rezoning process will be a smooth transition, opening the door to a wide range of future development opportunities. PID #00019281 is grandfathered for residential use, providing added flexibility. Two on-site billboards generate over $8,000 annually in income, offering immediate revenue. Under CLI zoning, the property has the potential to build up to 30 meters in height, creating exceptional long-term value for investors and developers. Whether youre looking for an income-generating asset today or envisioning a large-scale development tomorrow, this property offers both stability and growth potential in a prime location. Documents available upon request. (id:45785)
MLS® Number | 202523021 |
Property Type | Vacant Land |
Neigbourhood | Convoy Place |
Community Name | Halifax |
Features | Treed |
Utility Water | Municipal Water |
Paved Yard |
Acreage | No |
Land Disposition | Cleared |
Landscape Features | Landscaped |
Sewer | Municipal Sewage System |
Size Irregular | 0.2219 |
Size Total | 0.2219 Ac |
Size Total Text | 0.2219 Ac |
https://www.realtor.ca/real-estate/28847236/3709-barrington-street-halifax-halifax
Contact us for more information
Owen Crowe