Great redevelopment opportunity within 4 blocks of Texas Wesleyan University. Zoned for Mixed-Use, FormBased “MU-1” allows for higher density, mixed-use, pedestrian-oriented development. This property would be excellent to serve retail and restaurants users with opportunity for housing the nearby student body. Maximum height 3-5 stories with available height bonus. Subject to review by Urban Design Commission.
The building is suitable for reconstruction or demolition. Phase I ESA and limited Phase II have been performed due to soil contamination from a previous commercial insecticide user. Two drums were subsequently removed and disposed of in 2016, and the impacted soils were excavated
and disposed. Excavation of soil on lot 13 near the garage will require remediation prior to redevelopment.
Please review diligence materials related to environmental concerns provided in the documents center. Buyer's Broker to confirm all square footage.
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