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3411 Capitol Ave
Fremont, CA 94538

Land For Sale · 1.25 AC

Investment Highlights

  • Entitlements fully approved for 90 market rate condos and +/- 14K SF commercial/retail
  • Take advantage of CA Opportunity Zone designation to enjoy capital gains tax deferral and elimination of taxes on future gains
  • Close to major freeways and BART making it a popular spot for those working at the Bay Area's largest tech employers
  • Premier Central Downtown Fremont location
  • Residents can walk, bike or drive to the region's highly acclaimed retail, dining and entertainment scene
  • Owner will consider joint venture structure or outright sale

Executive Summary

Owner will consider joint venture or outright sale. Property is located in an Opportunity Zone.

PROPERTY FACTS

Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 1.25 AC
Opportunity Zone Yes

1 Lot Available

Lot

Lot Size 1.25 AC

Vacant, rectangular, flat lot - partially paved measuring 261' along Capitol Ave and West side, 207' to the North and 213' to the South.

Description

ACARA is pleased to present 3411 Capitol Avenue, the opportunity to acquire or become an equity partner in a fully entitled, 100% market rate 90 condominium mixed-use development in Fremont's Central Downtown neighborhood. This premier location is at the heart of everything Fremont and the Bay area have to offer. Residents can walk, bike or drive to the region's highly acclaimed dining and entertainment scene plus grocery stores, and shopping centers like Fremont Hub, an outdoor mall with big-box department stores. Located between three major freeways and with BART less than a mile away, this is a popular spot for those working at the Bay Area's most coveted high tech companies like Tesla, Facebook and Google in addition to being blocks away from local employers like Kaiser Permanente and Washington Hospital. Along with the central location and plentiful amenities, residents will love being within walking distance to Central Park, Fremont's largest park with playgrounds, a skate park, a water park and more. The LPMD Architects designed building will be six stories tall with the upper floors being Type III construction with Type I construction beneath consisting of a two story concrete podium plus basement level. Amenity spaces include private open spaces and storage lockers for all units, a fitness center, community room, and open air courtyard on the third level. 14,132 sf of retail spaces line the East side of the property and contribute to the inviting ambiance of the frontage of Capital Avenue. Parking is plentiful with 192 total spaces plus EV, motorcycle and bicycle.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
501-1130-022-04
Land Assessment
$8,323,200
Improvements Assessment
$0
Total Assessment
$8,323,200

zoning

Zoning Code D-MD 75% / D-CA 25% (Downtown (D) Mid-Zone (MD) and Capitol Ave (CD). General Plan use is Commercial City Center with TOD Overlay District.)
D-MD 75% / D-CA 25% (Downtown (D) Mid-Zone (MD) and Capitol Ave (CD). General Plan use is Commercial City Center with TOD Overlay District.)
  • Listing ID: 29493462

  • Date on Market: 9/12/2023

  • Last Updated:

  • Address: 3411 Capitol Ave, Fremont, CA 94538

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