Chalan Palasyo Street, Agana Heights, GU 96910

Excellent ground lease opportunity! Lease over half an acre of vacant R-2 zoned land, offering approximately 27,803.50 square feet (2,582 square meters) of space with potential for multi-family residential development. This spacious property presents an opportunity for a qualified tenant or developer looking to build and operate a multi-family residential project under a long-term ground lease arrangement. Conveniently located with ample space to explore a variety of development possibilities permitted under R-2 zoning. Tenant is responsible for verifying zoning requirements, allowable density, building permits, utility availability, and suitability of the property for the tenant's intended development with the appropriate Government of Guam agencies.