Existing Victorian office property - nine suites; on site parking for 11 cars, with alley access. MR-1000 zoning allows for development of residential units - up to one unit per 1,000 square feet of land (10 units). Abuts neighboring property which is available at a combined price of $2,299,000 (potential for 13 units). Preliminary designs for units available. Sellers may lease back during entitlement phase. Prime location. Opportunity to create legacy units; existing income potential during entitlements.