0 WATERFRONT Rd | Martinez, CA 94553
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0 WATERFRONT Rd
Martinez, CA 94553
Environmental Mitigation Land, Martinez, CA · Land For Sale · 5.33 AC
Executive Summary
Explanation of "Environmental Mitigation Land":
Many projects, both private and public, will have a negative impact on the environment. The agency in charge of processing the application for a project will often require some form of environmental mitigation* to offset harms caused by the project. If the mitigation cannot be performed on site, the agency in charge may consider an off-site location.
The most common private project that requires mitigation is a new subdivision of houses. Public projects that require mitigation could include a freeway widening, a new bridge, or a dam.
These 5.33 acres provide an excellent opportunity for off-site environmental mitigation. The agency in charge would most likely require that the parcel be donated to a public entity or a non-profit as a part of the mitigation. This parcel is very desirable to a party that must perform off-site mitigation because it lies in between the road and the swamp already owned by the State.
Essentially the owner of the project that causes the environmental harm is saying ‘’We will give you these 5.33 acres to offset the harm that the project will cause.’’
* The term “mitigation,” as used in the environmental review of proposed projects, refers to measures that reduce the project's impact on the environment.
Many projects, both private and public, will have a negative impact on the environment. The agency in charge of processing the application for a project will often require some form of environmental mitigation* to offset harms caused by the project. If the mitigation cannot be performed on site, the agency in charge may consider an off-site location.
The most common private project that requires mitigation is a new subdivision of houses. Public projects that require mitigation could include a freeway widening, a new bridge, or a dam.
These 5.33 acres provide an excellent opportunity for off-site environmental mitigation. The agency in charge would most likely require that the parcel be donated to a public entity or a non-profit as a part of the mitigation. This parcel is very desirable to a party that must perform off-site mitigation because it lies in between the road and the swamp already owned by the State.
Essentially the owner of the project that causes the environmental harm is saying ‘’We will give you these 5.33 acres to offset the harm that the project will cause.’’
* The term “mitigation,” as used in the environmental review of proposed projects, refers to measures that reduce the project's impact on the environment.
PROPERTY FACTS
1 Lot Available
Lot
| Price | $99,000 | Lot Size | 5.33 AC |
| Price Per AC | $18,574 |
| Price | $99,000 |
| Price Per AC | $18,574 |
| Lot Size | 5.33 AC |
This is "environmental mitigation land." Most of it is a swamp. Someone who buys it will donate it to an environmental group, the State or the Park District to mitigate environmental damage the buyer causes somewhere else.
Description
This particular parcel is very desirable because it lies in between the road and the swamp already owned by the State. SUBMIT ALL OFFERS. 5.33 Acres on Waterfront Road.
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