Location, Location, Location.This 2+ acre property consists of 2 parcels and is a part of the urban residential district. Special permits have been obtained to develop a 3-story, 36 unit residential apartment building on the site. This project is located in a gateway city and eligible for two forms of tax incentives through the Housing Development Incentive Program. Benefit of this program include a real estate tax exemption on all or part of the increased property value from improvements and state tax credits for Qualified Project Expenditures. Dean Street has a traffic count of 21,000+/- vehicles a day and has 68 restaurants within a 3-Mile radius. This site can also be used car lot, storage, landscaping yard or builders yard, heavy equipment site etc.
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