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. �.; <br /> � <br /> ZONING: <br /> M�2, Heavy Industrial. <br /> UTILITIES: <br /> All city utilities - gas, water, sewer, electric service. <br /> VALUE PER SQUARE FOOT OF SALES IN AREA: <br />� A block west of the subject property, 6 lots in Blk. 23 ( <br /> of Carver Addition sold at an average price of 50� per <br /> square foot. There were 35, 240 square feet in the <br /> parcel. <br /> A block east on San amon two lots sold at 60 a ( <br /> g , �r <br /> square foot within the last two years. There were ! <br /> 12, 400 square feet in the tract. City utilities were � <br /> available. Zoning was M�1, light industrial. � <br /> i <br /> Although we cannot compare the subject property to <br /> Industrial Park prices, we can deliver "M2" zoning <br /> with curb and gutter, paved street, and all city <br /> utilities at 43� to 48� per square foot. On large <br /> tracts we can deliver acreage at $15, 000, 00 an acre. <br /> OPINION OF VALUE: ` <br /> In view of these comparables, and considering that , <br /> . the subject ground is a long rectangular piece which <br /> in itself has no value except to the contiguous land <br /> owners9 it is our opinion that a price of 50� per square <br /> foot is applicable for the tract 30 feet by 80 feet which <br /> is not encumbered by the sewer easement, Since the � <br /> tract 30 feet by 140 feet cannot be used for building <br /> purposes due to the sewer easement, a price of 1/3 � <br /> of the above rate should be applied. ' <br /> TOTAL VALUE OF TRACT: <br /> 30 feet by 80 feet - 2, 400 square feet @ 50� $l, 200, 00 <br /> 30 feet by 140 feet - 4, 200 square feet @ 16 2/3� 700. 00 <br /> Total $l, 900. 00. <br /> �_.._.� r� • <br /> ..- ._��...-c7 � /?t----� <br /> LEW HOGAN, �ALTOR <br /> LH:msm � <br />