OPPORTUNITY ZONE- TAX ADVANTAGES. 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. 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. CURRENTLY IN PROCESS OF BEING PLOTTED ALREADY APPROVED BY CITY AND ONE MORE REMAINING APPROVAL BY COUNTY ZONED B4 WITH ONLY 5 RESTRICTIVE COVENANTS COMPARED TO CITIES STANDARD 26 CURRENTLY SEE SUPPLEMENTAL REMARKS FOR DETAILS.

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