Redevelopment and Zoning Ordinance: -Offers mixed-use development opportunity, with the assumption a minimum of (2) floors are upfitted for residential units. The current zoning ordinance confirms both commercial and residential usage. -Grant Funding: Based on the city's current qualifications for downtown projects, this building has an estimated qualification of grant funding totaling $850,000. Buyer should consult RMT City for qualifications. -Historic Tax Credits: Eligible for both federal and state tax credits, total amount is based on development design and qualified real estate expenses (reference IRS guidelines). Buyer should consult professional tax consultant on qualifications. Walking distance to Edge Community Bio Tech Ctr--walking distance to RMT Event Ctr, Close to RMT Public Transportation Ctr (Amtrak Station-City Bus Transit).
