529-533 Community Lane 533 Community Ln

ALIVE Commercial Real Estate is thrilled to present an exclusive opportunity to acquire 529 & 533 Community Lane in Woodland, CA. This property consists of three parcels on Community Lane, located adjacent to and across the street from existing multifamily properties. Covering approximately 1.32 acres, the parcels are currently used for industrial purposes, with an existing building of about 13,990 square feet. This property offers an incredible opportunity, generating in-place cash flow with exceptional development potential for apartments or high-density for-sale housing. According to the city's 2035 General Plan, these parcels are within the city's multifamily residential (R-M) zone district and designated for Medium Density Residential land use. This designation allows for a density of 8.1-19.9 dwelling units per acre with a maximum building height of 40 feet. See link below for more information on the new zoning changes:
https://www.cityofwoodland.gov/1168/Documents