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- LoopNet Team
1086 Grand Ave
South San Francisco, CA 94080
Land For Sale
·
0.26 AC
INVESTMENT HIGHLIGHTS
- 11,139 sq ft corner lot zoned for mixed-use development in Transit Village District
- Across from major 5.9 acre PUC development with 800+ residential units, retail, parks
- High visibility location near 1,500+ new luxury housing units driving rental demand
- Renderings show potential for 16 residential units (700-1,000 sq ft) with ground floor retail/parking
- Walking distance to South San Francisco BART, El Camino Real corridor, major amenities
- Ideal development opportunity in revitalizing area expected to see significant rent/value growth
PROPERTY FACTS
DESCRIPTION
1086 Grand Avenue is the lowest priced multi-unit residential development site in San Mateo County. High visibility, 11,139 SqFt corner lot located in the Transit Village District Commercial (T3) Corridor which allows for development of a mixed-use multi-story property. This lot is ideal for development of residential housing with retail frontage. The unapproved architect's renditions show a flex low rise project with 16 residential units (700-1000SqF) and a lobby, parking, & retail on the ground floor. It is located across the street from the SSF PUC Development, an entitled site for 800 residential units, a 9,000 SqFt childcare facility, a 12,000 SqFt market hall, 1.5 acres of public parks, & open space improvements along the Centennial Trail & Colma Creek. Completion of this development is expected to drive significant rent & value growth in the surrounding properties. Additionally, 1086 Grand Avenue is located walking distance to SSF BART, the El Camino Real commercial corridor with the new municipal services building with a library and recreation center, Costco, Kaiser Hospital, municipal court house, & the new police station. SSF has recently added over 1,500 luxury housing units which is helping to revitalize the housing stock & increase rental demand from high income technology employees.
PROPERTY TAXES
| Parcel Number | 011-301-080 | Improvements Assessment | $0 |
| Land Assessment | $1,250,000 | Total Assessment | $1,250,000 |
PROPERTY TAXES
