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29495 Dixon St
0.94 Acres of Residential Land Offered at $2,650,000 in Hayward, CA 94544
Executive Summary
Key investments include:
1. Demolition of Existing Structures: Ownership has already demolished the previous structures on the
property, eliminating the need for prospective developers to navigate the complexities of demolition permits and labor.
2. Preliminary Plans for a 64-Unit Multifamily Project:
The ownership has commissioned preliminary architectural plans for a 64-unit multifamily development. This project aligns with the zoning requirements (ST-4) and maximizes the site’s potential for residential development, especially given the rising demand for housing in the area. The preliminary plans provide a solid framework for developers to move quickly toward obtaining building permits, significantly shortening the pre-construction timeline. These proactive steps not only demonstrate the ownership’s commitment to optimizing the site but also present an excellent opportunity for investors to leverage these advancements, minimizing initial development risks and expediting the overall process.
Property Facts In Escrow
| Price | $2,650,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| Sale Conditions | Redevelopment Project | Total Lot Size | 0.94 AC |
| No. Lots | 1 |
| Price | $2,650,000 |
| Sale Type | Investment or Owner User |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.94 AC |
1 Lot Available
Lot
| Price | $2,650,000 | Lot Size | 0.94 AC |
| Price Per AC | $2,819,176 |
| Price | $2,650,000 |
| Price Per AC | $2,819,176 |
| Lot Size | 0.94 AC |
This prime 40,940 square foot development opportunity is located in Hayward, California, in a rapidly evolving part of the East Bay Area. The property is zoned ST-4 (Special Treatment District 4).
Description
The parcel is strategically positioned in a highly accessible location, making it an ideal spot for a development that can attract a wide range of tenants and buyers: 1. Proximity to Freeways: • Interstate 880 is just minutes away, offering seamless north-south access through the East Bay Area, connecting Hayward to Oakland (north) and Fremont (south), as well as the Silicon Valley corridor. • California State Route 92 (San Mateo-Hayward Bridge) provides quick access to the Peninsula and San Francisco. This connection is particularly important for businesses looking to attract talent from both sides of the Bay and for individuals who commute between the Peninsula and the East Bay. 2. BART Station Access: • The Hayward BART Station is approximately 1.5 miles from the property, providing vital public transit connectivity. BART is a crucial transportation network in the Bay Area, linking Hayward to major employment hubs in Oakland, San Francisco, and Silicon Valley. This proximity to public transit makes the property attractive for high- density residential or mixed-use developments aimed at commuters. 3. Nearby Airports: • Oakland International Airport is a 15-minute drive, making the property appealing for businesses needing proximity to air transport for both cargo and business travel.
PROPERTY TAXES
| Parcel Number | 078C-0435-003-02 | Improvements Assessment | $0 |
| Land Assessment | $1,597,563 | Total Assessment | $1,597,563 |
PROPERTY TAXES
zoning
| Zoning Code | ST-4 (South Hayward BART. Mission Boulevard; 17.5 - 35 Units/ Acre) |
| ST-4 (South Hayward BART. Mission Boulevard; 17.5 - 35 Units/ Acre) |
Presented by
29495 Dixon St
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