Property Information:
Zoning Change in Progress – Exceptional Investment Opportunity. This unique property consists of two PIDs currently zoned Harbor Related Industrial (HRI), with a letter of rationale submitted to transition both to Commercial Light Industrial (CLI). The city’s principal planner has indicated that the rezoning process will be a smooth transition, opening the door to a wide range of future development opportunities. PID #00019281 is grandfathered for residential use, providing added flexibility. Two on-site billboards generate over $8,000 annually in income, offering immediate revenue. Under CLI zoning, the property has the potential to build up to 30 meters in height, creating exceptional long-term value for investors and developers. Whether you’re looking for an income-generating asset today or envisioning a large-scale development tomorrow, this property offers both stability and growth potential in a prime location. Documents available upon request.
