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78 Springs Rd - Springtowne Center

1.22 Acres of Commercial Land Offered at $299,000 in Vallejo, CA 94590

Investment Highlights

  • Conveniently located Springs Road, with easy access to Hwy 80.

Executive Summary

Unlock the potential of this prime 1.22-acre commercial parcel in Vallejo, CA, zoned for a 30-unit multifamily residential development. With NMX zoning and partial entitlement, this vacant land presents a rare opportunity for investors seeking to capitalize on the growing demand for multifamily housing in the area. City-approved drawings for a 30-unit apartment complex are under V1 revision, with the only outstanding requirement being an environmental report. This property's strategic location and promising entitlement status make it an ideal investment opportunity for savvy land and multifamily investors looking to take advantage of Vallejo's dynamic real estate market.

Property Facts

Price $299,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Apartment Units
Total Lot Size 1.22 AC
Opportunity Zone Yes

1 Lot Available

Lot

Price $299,000
Price Per AC $245,082
Lot Size 1.22 AC

1.22-acre parcel - planned for 30 Unit MFR development Existing Use: Vacant Land Future Use: 30 Apartment Units Status: Partially entitled, drawings under V1 revision from City.

Description

1.22-acre parcel - planned for 30 unit MFR development Zoning: NMX Existing Use: Vacant Land Future Use: 30 Apartment Units Status: Partially entitled, drawings under V1 revision from City. City has told us that the only remaining hurdle to full entitlement is an environmental report.

Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0056-155-310
  • 0071-061-540
Land Assessment
$1,409,316
Improvements Assessment
$463,221
Total Assessment
$1,872,537

zoning

Zoning Code NMX
NMX
  • Listing ID: 29727155

  • Date on Market: 10/6/2023

  • Last Updated:

  • Address: 78 Springs Rd, Vallejo, CA 94590

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