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� <br /> � <br /> of land in �front of a long established mobile home park. <br /> This reflects a per S.F. land cost of $3.50. <br /> COMPARABLE LAND BALE 9 <br />' Koester Drive - Sold for $210, 000 in December 1995, and is <br /> a 1. 37 acre vacant land parcel. This reflects a per acre <br /> cost of $153,285, or $3.52 per S.F. <br /> COMPARABLE LAND SALE #10 <br /> 2745 N. Water Street - Reported sold for $70, 000 in April <br /> 1994, and is a 14,400 S.F. site with M-1 zoning on a busy <br /> arterial street. This reflects a per S.F. land cost of <br /> • $4.86. <br /> COMpARABLE LAND SALE #11 <br /> 1848 N. Oakland Street - An 18,000 S.F. B-1 zoned site <br /> sold for $35, 000 in July 1996. It is on a busy arterial 4 <br /> lane street. This reflects a per S.F, land cost of $1.95 <br /> (rounded) . <br /> COMPARABLE LAND SALE #12 <br /> Address: 1489 E. Eldorado Street <br /> Sale DBte: March 1995 <br /> Zoning: B-2 (Commercial) <br /> Size: 15, 939 S.F. ' <br /> S.F. Cost: $4.71 ' <br /> SUNIMARY OF COMPARABLE LAND SALES <br /> Sale Date Zonin Interior/ Cost per <br /> g Corner S.F. S.F. <br /> 2 �/92 B-3 Corner 210, 127 $1.83 <br /> Interior 225, 640 $1.91 <br /> 3 2�92 M-2 Interior 65, 132 $1.25 <br /> 4 3�92 B-3 Corner 51, 563 $6. 30 <br /> 5 4/92 B-1 Interior 13,811 $4.34 <br /> 6 12/91 B-2 Corner <br /> � 2/95 O-1 Corner 78r359 $4 . 05 <br /> $ 8/95 B-1 49�976 $3 .50 <br /> 9 12/95 Com. Interior 87, 120 $3.50 <br /> 10 4�94 M_1 Corridor 59, 677 $3 .52 <br /> 11 ��96 B_1 Corridor 70, 000 $4.86 <br /> 12 3�95 B_2 Corridor 18, 000 $1.95 <br /> Corner 15, 939 $4 . 71 <br /> Since subject is unusually narrow tract of land with <br /> buried and above grade utilities along the corridor which <br /> will have to be moved at considerable cost by the owner of � <br /> the complex I will discount the estimated full land value <br /> for subject tract by 75� to arrive at a more meaningful <br /> estimated value for the land tract. Thus: <br /> Page 9 <br />