6
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$5,195,000
Est. payment /mo
0.93 Acres Lot
New
6940 Rich AVE Newark, CA 94560
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82057036
HOA Y/N No
Lot Size 0.925 Acres
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 699 - Not Defined
Zoning CMU, Commercial Mixed Use
Interior
Fireplace No
Exterior
Fence Chain Link
Utilities Available Electricity Available
View Y/N No
Present Use Commercial
Building
Lot Description Level
Sewer Public Sewer
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
School District Other
Others
Tax ID 092005200104
Special Listing Condition Standard
Listed by Joshua Johnson Marcus & Millichap #01930127
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