While it can be said that most of a parcel of land’s value is its location, the intended purpose for which that and will be used is the driver of realizing any income. For a commercial parcel zoned at Elderly Housing and residing across the street from a hospital, it would seem to be logical that the 3 acre parcel in Spring Lake Park is an attractive offering in today’s market. This site has been estimated to handle up to 88 units of Sr. Housing. A good project at the right time for the right group. As many seem to agree.
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