$59,000

Exceptional opportunity to acquire a city-owned, residential-zoned (A) lot set within an established neighborhood close to essential amenities. Perfect for single-family housing development, this property is offered as a cash-only, "as-is" sale with a requirement that the successful bidder commence construction within 24 months of closing and close within 90 days of the effective purchase date. To ensure development progress, buyers are limited to purchasing up to two (2) city lots until a record of timeline compliance is established with the city. Per city policy, the property will remain on the market for a minimum of two weeks prior to bid reviews; all offers are welcomed, though the city reserves the right to reject any bid. Buyer and buyer's agent to independently verify all measurements, zoning, flood zone status, and building code guidelines. Property is located in a Flood Zone. *subject to the City's repurchase, as authorized by C.R. 6-287-26*