Pierce St - Albany Hill 10.97 Acres of Commercial Land Offered at $10,000,000 in Albany, CA 94706

Commercial Land California Albany Pierce St, Albany, CA 94706

INVESTMENT HIGHLIGHTS

  • Great views of San Francisco and the Bay
  • San Francisco Bay Area location with exceptional access to the region’s top employers, highly rated Albany Unified School District, and UC Berkeley

EXECUTIVE SUMMARY

NAI Northern California, as exclusive advisor, is pleased to present the opportunity to purchase a prime piece of developable Bay Area real estate with quick access to Highway 80 and 580 plus incredible bay views and breathtaking sights of San Francisco. This 10.7 acre property commonly known as “Albany Hill” is nestled between San Pablo Ave and Highway 80, located just steps away from the San Francisco Bay and perched above the city to provide one of a kind views. This centralized East Bay location offers an investor a rare opportunity to acquire one of the few developable sites in the core Bay Area with close proximity to San Francisco and Marin County. Primed for state of the art housing development, this property enjoys a highly coveted location with quick access to the surrounding areas through the El Cerrito Plaza BART station located just one mile away.
Alameda County is known for its centralized Bay Area location and ethnically diverse population which is now the seventh most populous county in the state of California.

PROPERTY FACTS

Price $10,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units
  • Single Family Development
Total Lot Size 10.97 AC
Zoning HR - Residential Housing

1 LOT AVAILABLE

Lot

Price $10,000,000
Price Per AC $911,577.03
Lot Size 10.97 AC

Raw land ready for development

DESCRIPTION

Prime 10.97 AC parcel Conceptual designs for the potential development of 47+- townhomes ranging in size from 1,500 SF to 1,800 SF. Subject to city approval and the Residential Hillside Development District, higher density may be possible with construction designs for units on multiple levels. (Buyers to conduct their own analysis and conclusion.) Great views of San Francisco and the Bay Core San Francisco Bay Area location with exceptional access to the region’s top employers, highly rated Albany Unified School District, and prestigious UC Berkeley Great demographics High area average household income On the path of a major $312M I-80 transportation project to accommodate continued growth in the area Employers in the immediate area include Pixar, LeapFrog, Costco, IKEA, UC Berkeley, Novartis, Peet's Coffee, AAA, AC Transit, Clif Bar and more

1 of 1
Bike Score®
Very Bikeable (70)

PROPERTY TAXES

Parcel Number 066-2760-010-07 Improvements Assessment $0
Land Assessment $565,595 Total Assessment $565,595

CONTACTS

  • Listing ID: 15714453

  • Date on Market: 4/12/2019

  • Last Updated:

  • Address: Pierce St, Albany, CA 94706

More public record information on Pierce St, Albany, CA 94706

The Land Property at Pierce St, Albany, CA 94706 is currently available for Sale. Contact NAI Northern California for more information.

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