Land Available For Lease @ Lookout Rd

Prime commercial lot available for sale in the City of Live Oak; behind the intersection of Loop 1604 and Lookout Rd. This is of the last large pieces of undeveloped land in the City of Live Oak. 9.1 acres behind the intersection is available immediately for sale. This land is ideal for Multifamily development and will accomodate 22 units per acre for R-5 zoning (Apartment/Multifamily). Per city of Live Oak, Multifamily housing is allowed in a B-3 zone through a specific use permit or through a rezoning to a planned unit development, the density can be allowed to increase from 22 to 25 units per acre. Additional benfits are that the new owner will get rights to use the 12.1 acre drainage easement next to this site that can be used for hiking trails, greenbelt, and should help with water detention and development. Please contact the city or the listing brokers for more details. This space offers accomodations for: multifamily.