A former automotive shop near Pepper Place could soon be redeveloped.
Graham & Co. is working with the owner of the Russell Speed Shop along Third Avenue South to reimagine the property for retail or office use.
Coleman and Gilchrist said they have received a number of inquiries but no leases have been signed yet.
The property comes with 14 parking spaces on site, but public parallel parking is also available on Third Avenue South, which were installed when the street was recently re-paved and re-striped.
The team hopes to begin construction on the core and shell in May.
If the project moves forward, it would be another sign of transformation for the neighborhood.
“Anytime a developer revitalizes and resuscitates a dead property, it brings more life to its surroundings,” Coleman and Gilchrist said.
Located at 230 31st St. S., the property is in the dynamic Lakeview area that has seen major activity with Pepper Place, multifamily construction and new restaurants and bars.