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$1,025,000 Lowest priced multi-unit residential development site in San Mateo Cou (south san francisco)

1086 Grand Avenue, South San Francisco, CA 94080

-Un-entitled lot zoned for mixed-use development in South San Francisco.
-Lowest priced multi-unit residential development site in San Mateo County.
-High visibility, 11,139 SqFt corner lot located in the Transit Village District Commercial (T3) Corridor which allows for development of a mixed-use multi-story property.
-This lot is ideal for development of residential housing with retail frontage.
-The unapproved architect's renditions show a flex low rise project with 16 residential units (700-1000SqF) and a lobby, parking, & retail on the ground floor.
-It is located across the street from the SSF PUC Development, an entitled site for 800 residential units, a 9,000 SqFt childcare facility, a 12,000 SqFt market hall, 1.5 acres of public parks, & open space improvements along the Centennial Trail & Colma Creek. Completion of this development is expected to drive significant rent & value growth in the surrounding properties.
-Located walking distance of SSF BART, the El Camino Real commercial corridor with the new municipal services building with a library and recreation center, Costco, Kaiser Hospital, municipal court house, & the new police station. SSF has recently added over 1,500 luxury housing units which is helping to revitalize the housing stock & increase rental demand from high income technology employees.

Email show contact info for offering memorandum.

post id: 7748519037

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