Square Footage: 50,965
Lot Size: 1.17 acres
The subject property is a 1.17 acre parcel located just of I-80 at the Redwood Parkway/Fairgrounds Drive exit in Vallejo CA. Zoned R-MH (Mix of Housing Types/Medium Density) the site can accommodate a range of residential uses. In 2007, the previous owner had initial site plans drawn for a total of 29 townhouse style apartment units totaling 29,000 rentable square feet (RSF). Plans are included in the sale. Additionally, the site can accomodate up to 10 single family lots (one lot per 5,000 sqft of land). Buyer to verify.
The property is conveniently situated providing future tenants easy access to the Bay Area’s major Interstate. Bordering the property to the North and West includes a mix of apartments, townhomes and single family residences. Furthermore, retail amenities are located just across the freeway at the Redwood Plaza and include Safeway, In-n-Out, Starbucks, FedEx, and many more. Most notably, the 149 acre Solano County Fairgrounds is located just North of the subject site. The County envisions a large scale redevelopment of the highly visible site with a mix of land uses in an effort to re-energize the aging Fairgrounds site. More information can be found HERE .
Offered at $19/ft, a developer or investor is presented the opportunity to develop a project in one of the Nation’s fastest growing and most popular markets according to various real estate research firms. Additionally, the City of Vallejo is focusing on new housing/apartments. Buyer to verify all zoning and property information.
Click HERE for the Offering Memo
Click HERE for the site plans