1191 Ocean Avenue Sold For $2.25 Million, Seven-Story Building Planned For Site

You can say goodbye to a small, wooden house from the turn-of-the-20th century at 1191 Ocean Avenue – it has sold for $2.25 million, and now there are approved development plans to raze the home and replace it with a seven-story, 26-unit building, Brownstoner reports.

Situated between Farragut and Glenwood, the 42.5-by-110-foot site is right by The Waterfalls On Ocean – a 65-unit condominium building at 1130 Ocean Avenue. The lot was on the market for less than four months and sold for $300,000 more than the asking price, Brownstoner reported.

TerraCRG, which brokered the sale, has published a schematic for the location on its website.

Photo via Google Maps.