6940 Rich AVE, Newark, CA 94560
6940 Rich AVE, Newark, CA 94560
6940 Rich AVE, Newark, CA 94560
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Josh Yoo

Josh Yoo

+1(510) 418-9180
Listed by Joshua Johnson • Marcus & Millichap, DRE#01930127
$5,195,000
Est. payment /mo
0.92 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Residential Development Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82057036

Lot Size 0.925 Acres

Property Sub-Type Residential Development Land

Property Description

Large high-density residential development site in the heart of Old Town Newark. The zoning for the site allows residential development at densities between 30 dwelling units per acre and 100 dwelling units per acre. This property has the potential for 100+ apartment units if the developer uses state density bonus laws. The property is less than ten minutes drive to several major shopping centers. Costco, Safeway, Sprouts Farmers Market, Grocery Outlet, 99 Ranch, and Lion Market are all nearby. Additionally, there are dozens of restaurants, shops, and service businesses in the neighborhood. There are 15 parks and sports facilities in Newark, ranging from neighborhood parks all the way up to an indoor recreation and swimming facility. Newark is located on the San Francisco Bay and there are miles of trails along the Bay. The site is also a short drive from Coyote Hill Regional Park and several regional parks in the hills above Fremont.

Location

State CA

County Alameda

Area Newark

Zoning CMU, Commercial Mixed Use

Exterior

Fence Chain Link

Utilities Available Electricity - On Site, Gas - On Site

Present Use Commercial

Building

Lot Description Grade - Level

Sewer Sewer - Public

Water Public

Others

Tax ID 092-0052-001-04

Horse Property No

Special Listing Condition Not Applicable

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Josh Yoo

Josh Yoo

+1(510) 418-9180

Broker Associate License ID: 02024903

Broker Associate License ID: 02024903

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6940 Rich AVE

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