133-135 Parker Ave
Rodeo, CA 94572

***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE The Parker Avenue development in downtown Rodeo presents an excellent opportunity for a developer to build a residential or mixed-use apartment building totaling approximately 50+ units. The sale includes five parcels totaling approximately 46,249 square feet and includes the following: 1. APN 357-171-020-5: 0 Parker Avenue - 1,875 sqft - Vacant Lot. 2. APN 357-171-008-0: 0 Parker Avenue - 10,312 sqft - Vacant Lot. 3. APN 357-171-010-6: 111 Parker Avenue - 18,750 sqft - Vacant Lot. 4. APN 357-171-009-8: 133-135 Parker Avenue - 10,312 sqft lot that includes a 3,060 square foot property comprised of a liquor store (133 Parker Ave), currently leased month-to-month for $4,900/month, and a 4bd/1bth apartment (135 Parker Ave) currently leased for $2,200/month. The tenants pay all PG&E, water, and garbage expense for both units. 5. APN 357-171-019-7: 185 Parker Ave. - 5,000 sqft lot that offers a 260 sqft office previously rented at $1.500/month. The current zoning of the property is M2 (Residential/Mixed-Use) and the current allowable density is 30 units per acre for any parcel larger than 24,000 square feet. Developers can also take advantage of the density bonus ordinance, which depending on the percentage of low-income housing units, will allow an additional 15 residential units for a total of 45 residential units. Additionally, ground-floor retail units are allowed across the entire footprint of the property and will not count towards the allowable residential units, resulting in a possible development opportunity of 50+ units. Currently, there are no entitlements for the development, however all tenants are month-to-month with good rental upside, providing for solid cash flow while the next investor finalizes their plan. The location for the development is one of the best in all of Rodeo. The development site is only a couple blocks to the waterfront and is surrounded by various restaurants and shopping with easy access to I-80.