This Land Property is no longer advertised on LoopNet.com.

540 Gabilan Dr
Soledad, CA 93960

Permit Ready, 96-Unit Development Site · Land For Sale · 4.61 AC

Investment Highlights

  • 540 Gabilan Dr is a 4.61-acre, shovel-ready development site for a 96-unit multi-family complex.
  • Gabilan Apartments development is permit-ready for 12 two-story buildings with eight units, each with garden-style landscaping.
  • Among the Salinas Valley, Soledad is an up-and-coming town, a node for travelers, and ready for new growth and expansion.
  • R-3 high-density zoning will provide high-demand apartment units in an excellent rural neighborhood.
  • Construction drawings and plans have been paid for, and permits have been approved, subject to payment (the city will allow payment at C. of O.).

PROPERTY FACTS

Property Type Land
Property Subtype Residential
Total Lot Size 4.61 AC
Parcel Number 022-441-016-000

Description

96 unit multifamily development opportunity to provide high demand apartment units in a good rural neighborhood. The development is comprised of 12 two-story buildings with 8 units each. This is work force housing that is needed in the fast growing City of Soledad. Many new commercial developments have started in the City of Soledad.

zoning

Zoning Code R-3 High Density Res
  • Listing ID: 29290481

  • Date on Market: 8/16/2023

  • Last Updated:

  • Address: 540 Gabilan Dr, Soledad, CA 93960