East Palo Alto CA Real Estate & Land for Sale

Here is your opportunity to own a prime piece of real estate in the heart of the Northern California's Bay Area. Welcome to the up and coming city of East Palo Alto. This property offers a 5711 Square foot lot that is only short drives distance from popular places like Amazon, and IKEA, the Four Seasons Hotel, Facebook, Stanford University, Google, The Dumbarton Bridge, California's Great America Amusement Park and much more that the Bay Area has to offer. This level lot was recently subdivided and has the potential for a single family home with an ADU. Potentially Two living units!! This property is a Gem in the Best part of town, Mid- Town East Palo Alto.

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.

Developer's Opportunity!!! Great Location! Great Location! It closes to most major employment companies. It locates in the West side of freeway 101 right off University Ave.. It is in the border of Palo Alto. The Conceptual Yield Study shows 33-34 units townhouse and 44 units if apartment. The property originally was a mobile home park. The electric, gas, and water were in the property were in the property but cut off for the park closure. The mobile home park had closed officially. It is ready for the redevelopment.

Unique opportunity to build a dream home tastefully designed on this flat vacant residential lot for single family house, in the heart of Bay Area, walking distance from Facebook, 1 block of Willow Rd. Plans fully approved by Building, Planning and Engineering division, permits will be issue when misc, impact fees are paid to the city of EPA. School and Sewage Fees are paid. City must have their first inspection within 120 day from approval date. No Utilities on the property. Permit No: BLD2019-0163