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REDEVELOPMENT OPPORTUI <br />LAND SALE OPTIONS <br />2L <br />_ <br />PROPERTY • Zoning: Central Business (C-1), allowing for <br />multiple commercial uses. <br />HIGHLIGHTS <br />• A market study has been recently completed for <br />the downtown area. <br />• Located within a Tax Increment Financing (TIF) <br />District. <br />• Approved redevelopment plans for a restaurant <br />use on a portion of the property. <br />• Price of property can be reduced when <br />development criteria is met. <br />• The property is owned by the City of Hugo. <br />• Downtown Plan and Design Guidelines apply to <br />development in this area. <br />The property is located in the heart of the City of Hugo and offers a wide array of opportunities for any buyer. <br />With over 650 feet of Lakeshore frontage, this beautiful property is great for a mixed used development with a <br />restaurant/entertainment use, as well as, commercial, boutique retail, office, and housing. This property could <br />become the centerpiece for the downtown business district in the City of Hugo. A survey of the property is <br />available upon request. <br />The property is within minutes of the newly redesigned freeway interchange at 135E (ADTV 41,000) and <br />City of County Rd 14/8 (ADTV 13,900). Highway 61 (ADTV 14,100) has been recently resurfaced and a turn lane has <br />ugo been constructed to access the property. The property is generally flat with very high visibility located on <br />Highway 61. <br />