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Capstone is pleased to present the Watson and Wenner Development Site. Only a 5-minute drive from downtown and tucked in the intersection of the rapidly developing East End and highly desirable Columbia Tusculum, this 1.36-acre site is primed to capitalize on the transformation that has led single-family developers to build $1+ million homes along Riverside Drive. The site is currently zoned single-family, so a variance or rezone would be necessary for developers looking to build multifamily. The city owns a small parcel between two of the offered parcels that could easily be obtained with a land swap agreement. Parcels should be considered fully contiguous.
Premium location: 5 minutes to downtown, immediately adjacent to Columbia Tusculum.
East End Revitalization: $1+ million homes developing all along the waterfront. Trendy new bars, restaurants, and coffee shops dotting Riverside Drive.