A $1.8 million retail building will be built in New City through a City-owned land sale approved today by City Council.

The property, consisting of three vacant lots at 5044-48 S. Ashland Ave., will be sold to 51st & Ashland LLC, which owns the adjacent land. The combined properties will be used for a one-story, 9,900-square-foot retail structure and 19-space parking lot.

The sales price for the City-owned land is the appraised value of $24,000. Up to 20 permanent jobs are anticipated to be created by future tenants of the building, along with 40 temporary construction jobs.

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