03a. Abatement hearing- Travelodge
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03a. Abatement hearing- Travelodge
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Neighborhood Analysis <br />8 <br /> <br />NEIGHBORHOOD HOUSING TRENDS <br />Property Values:(increasing, stable, declining)Stable <br />Demand/Supply:(shortage, in balance, oversupply)In Balance <br />Marketing Time:(< 3 months, 3-6 months, > 6 months)3 - 6 Months <br />Low High Predominant <br />Price ($000's): $200,000 $450,000 $325,000 <br />Age (yrs.): 5 25 15 <br />Source: CBRE <br />LAND USE <br />Land uses within the subject neighborhood consist of mostly commercial, multi-family, and <br />scattered other types of development. <br />Land uses within the immediate area are predominately commercially oriented. West Acres <br />Regional Indoor Mall is located on the south side of 13th Avenue, roughly two blocks west of <br />Interstate 29 and roughly two blocks south of the subject property. <br />The local land use patterns are summarized as follows. <br />NEIGHBORHOOD LAND USE <br />Present Land Use % <br />Single Unit Residential: 10% Industrial: 10% <br />Multi-Housing: 30% Agricultural: 0% <br />Commercial: 50% Other: 0% <br /> <br />Commercial Land Use Patterns <br />Primary Commercial Thoroughfares: <br />Major Commercial Developments: <br />Source: CBRE <br />West Acres Regional Mall <br />13th Avenue E, 25th Street, 45th Street <br /> <br />DEMOGRAPHICS <br />Selected neighborhood demographics in 1-, 3-, and 5-mile radii from the subject are shown in <br />the following table:
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