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1257 Magnolia St 0.21 Acres of Residential Land Offered at $4,816,040 CAD in San Carlos, CA 94070
Investment Highlights
- Approved Plans
- Close to Transportation
- Prime Location
Executive Summary
Property Facts
1 Lot Available
Lot
| Price | $4,816,040 CAD | Lot Size | 0.21 AC |
| Price Per AC | $23,043,253.96 CAD |
| Price | $4,816,040 CAD |
| Price Per AC | $23,043,253.96 CAD |
| Lot Size | 0.21 AC |
Description
Amazing Development Opportunity! This exceptional property comes with fully approved, permit-ready plans for nine condominium units, allowing you to break ground immediately and save valuable time and expense. Even greater upside may be possible. Under current zoning and recent state housing regulations, there is potential to increase the project to as many as sixteen units. Due to the property's prime transit-oriented location, parking requirements are eliminated, maximizing the site's development potential. Extensive due diligence has already been completed, including soils reports, surveys, and other key pre-development work. A rare chance for developers and investors to acquire a shovel-ready project with substantial additional upside.
Property Taxes
| Parcel Number | 050-071-020 | Improvements Assessment | $1,190,808 CAD |
| Land Assessment | $2,887,308 CAD | Total Assessment | $4,078,115 CAD |
Property Taxes
Presented by
1257 Magnolia St
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