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Mounds View City Council Work Session, April 5, 2021 13 <br />Owner Zulfiquar Punjani <br />Address 2408 Co Rd I <br />Current Land Use Retail <br />Zoning B-2 <br />Comp. Plan Neighborhood Com. <br />Opportunities <br />Reuse to duplex, mixed-use, or remain retail <br />Constraints <br />Lot small, 5 yr lease, limited space, costs to demo and rebuild <br />Staff Comments <br />Current owner has stated willingness to sell, multiple brokers, <br />& business owners have inquired on property <br />Strategically located in an area <br />concentrated with apartments, <br />this is an ideal spot for “the <br />corner store”. <br />What’s needed is a niche <br />market, and neighborhood <br />support. <br />City Participation? Unlikely <br />EMV: $371,000 <br />Why this <br />project matters