Multifamily Land For Sale

Descriptions

Excellent development opportunity just off the intersection of Lincoln Avenue and Bradley Avenue in Urbana, IL. Spanning approximately 14.51 acres, this piece of development land is zoned R-4, Medium Density Multiple Family Residential, making it a great location for low and medium-density multifamily development. The property has utilities pulled to the edge of the site, and benefits from its location within a Qualified Opportunity Zone (QOZ) and the Urbana and Champaign County Enterprise Zone.
Setbacks and Development Overview:
Setbacks: 15 (F), 5 (S), 10 (R)
FAR: 0.5
OSR: 0.35
Max Height: 35
Parking: 0.5 Spaces / Bedroom (Min. 1 / Unit)