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Listed by Joshua Johnson • Marcus & Millichap, DRE#01930127
$ 5,195,000
Est. payment /mo
New
6940 Rich AVE Newark, CA 94560
0.92 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential Development Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82057036
Lot Size 0.925 Acres
Property Sub-Type Residential Development Land
Property Description
Large high-density residential development site in the heart of Old Town Newark. The zoning for the site allows residential development at densities between 30 dwelling units per acre and 100 dwelling units per acre. This property has the potential for 100+ apartment units if the developer uses state density bonus laws. The property is less than ten minutes drive to several major shopping centers. Costco, Safeway, Sprouts Farmers Market, Grocery Outlet, 99 Ranch, and Lion Market are all nearby. Additionally, there are dozens of restaurants, shops, and service businesses in the neighborhood. There are 15 parks and sports facilities in Newark, ranging from neighborhood parks all the way up to an indoor recreation and swimming facility. Newark is located on the San Francisco Bay and there are miles of trails along the Bay. The site is also a short drive from Coyote Hill Regional Park and several regional parks in the hills above Fremont.
Location
State CA
County Alameda
Area Newark
Zoning CMU, Commercial Mixed Use
Exterior
Fence Chain Link
Utilities Available Electricity - On Site, Gas - On Site
Present Use Commercial
Building
Lot Description Grade - Level
Sewer Sewer - Public
Water Public
Others
Tax ID 092-0052-001-04
Horse Property No
Special Listing Condition Not Applicable
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