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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
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 | Property Type | Land |
Sale Type | Investment or Owner User | Property Subtype | Residential |
No. Lots | 1 | Total Lot Size | 0.58 AC |
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 | Lot Size | 0.58 AC |
Price Per AC | £13,679,914 |
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.
PROPERTY TAXES
Parcel Number | 033-163-170 | Improvements Assessment | £0 |
Land Assessment | £526,182 | Total Assessment | £526,182 |
PROPERTY TAXES
zoning
Zoning Code | R4-D (High density multi family residential) |
R4-D (High density multi family residential) |
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222 S Fremont St
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