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Uptown parcel for sale

 

CBRE is marketing this 4.1-acre parcel facing South Brevard Street for Norfolk Southern Properties. Photo courtesy of CBRE

CBRE is marketing this 4.1-acre parcel facing South Brevard Street for Norfolk Southern Properties. Photo courtesy of CBRE

CBRE Group Inc. is marketing a 4.1-acre uptown parcel fronting South Brevard, East Third, and East Fourth streets.

A large portions of the tract is being used for public parking.

CBRE, which is working on behalf of owner Norfolk Southern Properties Inc., said the land is exempt from zoning restrictions on height and density and that the site could potentially be developed for office, residential, retail, or hotel use.

The plot is between Lynx Blue Line light rail stations at East Third and East Trade streets.

“In the modern era of traffic control and environmentally friendly transportation options, the light

rail system will continue to gain momentum and serve as a staple aspect of the central business district,” said CBRE Senior Vice President Patrick Gildea.

“Access to public transportation and walkability scores are quickly becoming high priorities for employers and top-level talent.”

Gildea said CBRE brokers will provide potential buyers with bidding guidance. The company has not publicly stated an asking price, he said.

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