Transwestern is pleased to present purchasers with an opportunity to acquire Baker Court. The property consists of three contiguous parcels measuring a combined 1.84-acres and is improved with one office building and one single-family house. The property provides investors with a range of opportunities - full or partial redevelopment to multifamily, value-add through extension of the short-term tenants, or conversion of the existing structures to multifamily. Buyers can take advantage of a cash flowing asset as well as Opportunity Zone designation and qualified census tract.Baker Court has excess land that can be developed into multifamily housing. 821 Raymond Avenue and 0 Territorial Road are zoned T3, Traditional Neighborhood, which “provides for higher-density pedestrian- and transit-oriented mixed-use development. It is designed for development or redevelopment of land on sites large enough to support” a mix of uses, including residential and commercial and other uses. 847 Raymond Avenue is zoned RM-4, One Family.
- Property Type : Office
- Class : B
- Listing Size : 29,875
- Year Built : 1904
- Stories : 4
- Typical Floor Size : 7,193
- Elevators : 0