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222 S Fremont St

0.58 Acres of Residential Land Offered at £7,954,200 in San Mateo, CA 94401

Investment Highlights

  • Close in walking distance downtown San Mateo - mass transit

Executive Summary

Joint venture considered. Potential for 60 market rate units with BMR's Under current zoning And density bonus.
New general plan adopted March 2024 suggest land use at 51 – 99 units/ac. Potential of 116 units with required BMR's and state density bonus.
Contact agent

Property Facts

Price £7,954,200
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.58 AC

1 Lot Available

Lot 2

Price £7,954,200
Price Per AC £13,679,914
Lot Size 0.58 AC

Entitlements in process. JV considered. Vacant Lot and one 2 bedroom1 bath single family home occupied by month to month tenant. Proposed 6 story 50 unit condominium dev. plan currently under planning review. Potential to increase to 57 to 60 units.

Description

Redevelopment parcel - currently in final review for entitlements - 41 condominium units. One single-family residence and vacant land. Potential to obtain 60 market rate units including BMR Units.

Walk Score ®
Walker's Paradise (96)
Bike Score ®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
033-163-170
Land Assessment
£526,182
Improvements Assessment
£0
Total Assessment
£526,182

zoning

Zoning Code R4-D (High density multi family residential)
R4-D (High density multi family residential)
  • Listing ID: 28606603

  • Date on Market: 30/05/2023

  • Last Updated:

  • Address: 222 S Fremont St, San Mateo, CA 94401

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