15 Atherton Avenue

Description

The optionee of this property is offering the purchase option for this parcel, which carries the potential for town homes to be built. Conceptual drawings have been prepared, illustrating a possible layout for 16 town homes across the combined lots. The Buyer will be responsible for engaging the necessary surveyors, engineers, and consultants to complete due-diligence work and secure all required municipal approvals and permits. The Seller has successfully completed 3 similar developments nearby"each receiving the same zoning variance anticipated for this site"providing a strong precedent for approval. This is an exceptional location directly across from Atherton Park, adding value for future resale or residential appeal. The existing homes on the listed property is expected to be torn down to make way for the proposed development. The properties may be purchased individually or as a package at $1,450,000: 15"19 Atherton combined (potential for 16 to 20 total units) or 15 Atherton or 19 Atherton purchased separately. Construction plans may be available, subject to mutually agreed-upon terms. The sale of this property being listed is contingent upon the proposed Seller (or "Owner") completing his/her/its purchase of this property. "Seller" currently has this property under contract for purchase. List price does not include the construction of the condominium units.