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Pierce St - Albany Hill

10.97 Acres of Commercial Land Offered at $10,000,000 in 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.

Attachments

Brochure

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

1 Lot Available

Lot

Price $10,000,000
Price Per AC $911,577
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

Bike Score ®
Very Bikeable (70)
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 Number
066-2760-010-07
Land Assessment
$565,595
Improvements Assessment
$0
Total Assessment
$565,595

zoning

Zoning Code HR (Residential Housing)
HR (Residential Housing)
  • Listing ID: 15714453

  • Date on Market: 4/12/2019

  • Last Updated:

  • Address: Pierce St, Albany, CA 94706

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