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Listed by Davide Pio, DRE #01522969 • BCRE
$ 350,000
Est. payment /mo
New
78 Springs Rd Vallejo, CA 94590
1.22 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land, Commercial
Sub Type Other Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CC41140629
Lot Size 1.220 Acres
Property Sub-Type Other Commercial Land
Source Contra Costa Association of Realtors
Property Description
Seller financing may be considered! Land development opportunity at 78 Springs Rd in Vallejo, CA for sale. With architectural drawings completed and entitlements for a 30-unit apartment nearly in hand, the project presents an excellent opportunity for a developer to bypass a significant portion of the soft costs and time typically associated with the high barrier to entry that exists throughout the San Francisco Bay Area. The ±1.22 acre site is has completed drawings for 30 apartment units comprising of 18 (1 Bedroom) and 12 (2 Bedrooms) with 41 parking spaces. Expected to be CEQA exempt and with an estimated six (6) month approval process to complete approved status w the City of Vallejo before moving to MEP (Mechanical, Electrical, and Plumbing) drawings. California's AB 1286 further allows developers up to 100% bonus density, offering flexibility to proceed with the project as drawn or pursue additional units for a potentially higher-yielding outcome. Buyer to confirm all density bonus eligibility and allowable uses with the City of Vallejo. Situated in an established retail corridor, the property benefits from immediate proximity to shopping, services, and daily conveniences - a natural draw for prospective renters. Highway 80 access nearby connects the site to the broad
Location
State CA
County Solano
Area Other Area
Zoning NMX
Exterior
Utilities Available Electricity - On Site, Gas - On Site, Other , Sewer - On Site
Building
Lot Description Surveyed - No, Building Pad - No, Corners Marked - No, Grade - Level
Water Water On Site
Others
Tax ID 007-106-1540
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