Description
CBRE's East Bay Multifamily team is pleased to offer for sale 29097 & 29159 Mission Blvd, two development opportunities located in South Hayward just mile from the South Hayward Bart Station. 29097 Mission Blvd is a 10,820 SF commercial structure that was formerly used as a nightclub and a 29159 Mission Blvd is a parking lot that formerly served the nightclub. Both properties are situated in the Mission Boulevard - Corridor Center zoning district which may allow for the development of 35-100 dwelling units per acre. This translates to a development potential of up to 182 apartment units. The properties also provide for a unique opportunity to build townhomes/condominiums which will maximize the price per square foot sell-out potential while keeping construction costs to a minimum. The properties are surrounded by several newly constructed apartment buildings and for sale townhome/condominium communities that provide a fantastic comparison of achievable sell-out pricing and rental rates.
Location
Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS ®, but is not warranted. Updated: 28th May, 2023 2:42 PM (UTC)
Listing Agent: Zachary Greenwood
Listing Office: CBRE