Three 25 X 117.5 foot lots located across the street from the 31 acre Pacific City Development (which is now under construction) being sold "subject to oil & gas lease". Site cannot be developed until oil operator stops producing and leased is terminated. Oil royalties to the land owner have been approximately $24,000 the last two years. According to the City of HB, the site is located in Zone: SP5-CZ, District #1, Neighborhood Subdistrict. Present zoning is for the construction of single family dwellings upto 3 stories. Recent sales of SFRs on similar 25 X 117 foot lots in Downtown HB have been as high as $1,550,000 (per house) on the 200 block. Once wells have been capped and soils cleaned, each of the three lots has the potential to be the site for such a home... but it could be many years into the future before the site can be developed.