Property Details
About this Property
Newmark is pleased to present the opportunity to acquire a 100% fee simple interest in 1804 Bay Road in East Palo Alto, California (Assessors Parcel 063-231-240). The property is fully entitled under the State Density Bonus Law, SB 35, for the development of a 102,753 gross square foot (±73,000 net rentable) mixed-use project consisting of 75 residential rental units with the possibility to go to 95 units and approximately 1,900 square feet of retail space. HOWEVER, IF THE PROPERTY IS DEVELOPED FOR AN AFFORDABLE HOUSING DEVELOPMENT PROJECT, THERE IS NO LIMIT ON DENSITY (PLUS AN ADDITIONAL 3 MORE STORIES CAN BE CONSTRUCTED). CALL FOR ADDITIONAL INFORMATION. The property is strategically located in the future heart of Downtown East Palo Alto, near Facebook and Amazon, in the center of proposed future development of 60,000 square of new retail space, 2.5 million square feet of new office, 1.4 million square feet of Life Science and 126,000 square feet of civic/community-oriented space.
MLS Listing Information
MLS #
ML81893276
MLS Source
MLSListings, Inc.
Days on Site
371
Buyer's Brokerage Compensation*
2.50%
Lots & Land Information
Development Status
Approved Building Plan
Existing Structures
None
Fencing
Other
Lot Description
Other
Present Use
Other
Utilities
Public Utilities, Public Utilities, Water - Public
Parking, School, and Other Information
Elementary District
Ravenswood City Elementary
High School District
Sequoia Union High
Sewer
Public Sewer
Water
Public
Zoning
M10000
Nearby Homes for Sale
1804 Bay Rd is in East Palo Alto, CA 94303. This Land is currently priced at $7,950,000. This address can also be written as 1804 Bay Rd, East Palo Alto, CA 94303.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of April 01, 2023. For the most current information, please contact Juan De Leon, (415) 305-6275
