Steps from the beach and commercial businesses in an unbeatable location! Fabulous redevelopment property zoned RW-DC. This large lot fronts onto both 47th and 48th street (See photos for lot), similar lots on these streets have been redeveloped with a two full duplexes, one facing each street making it possible to have 4 rental properties or owner occupied residences (Subject to subdivision approval). Also would make a great lot for one residence, residence with a suite, multi-family building (all subject to approval). This zoning also allows retail and commercial services. The property currently rents for $875 per month (tenant pays gas and electricity) so you could hold this property with income until such time as you redevelop. Don't miss this opportunity to own a property with many possibilities!