404 & 408 Ninth St., One 2-1 cottage and a storage

building survived Hurricane Harvey. Cottage, 480 s.f., is presently leased providing passive income. Both lots are zoned C-2 which

allows many options( multi Family, Apartments,

Hotel, etc.). The Flexible Development ordinance,

shown as attachment, allows high density, special

use and other allowances. Total land is .3471

acres or 15,120 s.f. ; front set back 20ft. and rear

10 Ft.; side set back can be "0" in commercial

zoning. The height allowed is 35 ft to mid pitch.

Preliminary approval on 4,200 s.f. bldg foot print

on each lot. Possibility of 2 stories with parking on

ground level, tandem style. Great investment

potential at only $26 psf! Allows for 2 SFR per lot!

The property has a 3/4 inch water line on each lot

and City sewer for multi family units. The city is in

need of reasonable income housing for local

workers which the Flexible Development ordinance

addresses, which allows multi story and higher

density. Finished floor on unit 10, existing cottage,

is +10.36 based on Bench Mark Tidal #20,

Elevation +10.258, U.S.C. & G.S. Datum. Storage

shed , finish Floor, +8.23 with BFE 8.0 .Structures

on survey marked in yellow are the 2 existing

structures left after Hurricane Harvey.

None