Property Description

Excellent development opportunity with flexible zoning & valuable road frontage exposure. The majority of the acreage is zoned Residential, Multiple-Family –High Density, (RMF-2) which allows for site-built apartments & a variety of residential housing types.The RMF category (RMF-1 and RMF-2) is intended to provide diverse residential uses, along w/ certain recreational or institutional uses by Special Exception. With its Residential High Density future land use designation, this parcel is well-positioned for multi-family development. The street frontage is zoned C-N (Commercial, Neighborhood).This accommodates small-scale retail establishments, service-related businesses, professional offices, restaurants, similar non-residential uses,& school developments. This commercial frontage creates strong potential for a mixed-use concept or neighborhood-serving commercial component, subject to local regulations.With high-density residential zoning & neighborhood commercial frontage, this property offers multiple development pathways & strong investment potential. See attached conceptional drawings for possibilities.Conceptual Layout 1 includes a 132-unit apartment complex w/ an amenity center, an outdoor activity area, & a sidewalk network. Conceptual Layout 2 consists of a 46-unit mobile home park. This option WOULD require rezoning.The layout was designed in accordance w/ the Live Oak Land Dev. Code. Buyers are encouraged to verify zoning rules and regulations.