7778 El Camino Real - TRANSIT-ORIENTED DEVELOPMENT SITE 1.07 Acres of Residential Land Offered at $5,513,884 CAD in Colma, CA 94014

PRIME RESIDENTIAL DEVELOPMENT SITE
Marcus & Millichap has been selected as exclusive agents for 1.057 acres of land located along El Camino Real at the entrance to the Colma BART station. The property consists of 40,291 square feet of land on the west side of El Camino Real immediately adjacent to the Colma BART station, and two adjacent parcels totaling 5,748 square feet on the east side of El Camino Real. The west site is level and has a triangular shape, while the east site is rectangular and has sloping topography.
ZONING AND GENERAL PLAN
The zoning designation for both sites is Commercial and the general plan land use designation for all but one parcel is Commercial; one parcel has a general plan designation of Low Density Residential. The west site adjacent to the BART station has been identified as a housing opportunity site in the general plan and has a Housing Element Overlay (HEO) Zoning District. The HEO district was created to encourage development of housing in the city, and development standards remove barriers to new housing development. Under certain conditions, projects can receive ministerial approval if they include affordable housing.
PUBLIC TRANSPORTATION
The property sits at the entrance to the Colma BART station, making it an ideal transit-oriented development site. BART provides mass transit rail service from Millbrae up to San Francisco and across the San Francisco Bay to Oakland and the East Bay. The Financial District in San Francisco is a 20-minute ride from the property. An intermodal station in Millbrae connects BART to Caltrain, which provides service along the Peninsula from San Francisco to San Jose. Additionally, BART provides access to both the San Francisco International Airport and Oakland International Airport.
NEIGHBORHOOD AMENITIES
7778 El Camino Real is near several major retail developments and has excellent access to supporting retail services. Target, Costco, Trader Joe’s, Safeway, Sprouts, CVS, Rite Aid, and Walgreens are all in the neighborhood, along with numerous restaurants. Sterling Park Recreation Center is less than one-quarter mile from the property. The facility offers a playground, basketball court, fitness area, barbecue and picnic area, and reception and party space. For outdoor recreation enthusiast, the property is less than three miles from the Pacific Ocean and multiple beaches, and the San Bruno Mountain State Park is just two miles from the site.