$375,000

Fantastic development opportunity in the rapidly redeveloping Fayette Junction neighborhood off Cato Springs Rd. One block from the Razorback Greenway trail. Walk to Razorback baseball stadium, the UofA Research & Technology Park, day care, parks, and transit stop with service to the University. Easy access to the I-49 and 71B/ S School Ave. Flat lot has all utilities on-site. Zoned RI-U - Residential Intermediate - Urban, the purpose of which is to encourage the development of detached and attached dwellings, to provide a range of housing types compatible in scale with single-family homes, and to encourage a diversity of housing types to meet demand for walkable urban living. Minimum lot width is 18' and building heights may go up to three stories. Preliminary design produced by MBL Architects shows potential layout for eight 1200 sf units (subject to approval). Portions of the lot are in the 500 year floodplain which is NOT subject to the City's floodplain regulations for residential or commercial construction.