106 S 17TH Street

R-3 Development Site on FIRST AVE Corridor -- URV 10-Year Abatement Eligible*Approximately 1.5+/- acres at 106 S 17th St in the FIRST AVE reinvestment corridor. Zoned R-3 (low-density multifamily)--well-suited for townhomes, small-scale apartments, or mixed residential concepts. The site is in the City's Urban Revitalization program area, making new multifamily construction eligible for up to 10 years of 100% property-tax exemption on the value added, subject to City approval and program requirements. Additional stackable tools may include the City's Housing Development Program (FIRST AVE is a priority area) and Tax Increment Financing (TIF) on a case-by-case basis. Steps from the FIRST AVE multi-modal corridor with ongoing planning work to enhance connections to downtown CB and Omaha.