Tentative Map for 12 Duplexes

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Development Site

Development Opportunity

Size

1.38 acres

Ownership

Privately Owned

Availability

For Sale

Site Description

This property has a Tentative Map for 12 residential duplexes (24 units total). If the duplexes are built out with one 3 bedroom unit, one 2 bedroom unit and two 2-car garages, each duplex would sell in the neighborhood of $1,200,000+ in today's dollars.An alternative use could be senior care / assisted living.Included is one existing single family residence built in the 1870's. It is leased month-to-month. Current fair market rent would fall in the $3600 - $3800 range.Also included are one 5/8" installed water meter, 22 5/8" prepaid uninstalled water meters and an agricultural well. Water meters for residential use are not available from the local water utility company. Transferrable water meters are scarce but available in the secondary market, valued at $50,000 - $55,000 each.Lot #1 fronting on Main St. may possibly be further subdivided.

Documents

General/Comprehensive Plan Designation

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Master Plan/Specific Plan

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Zoning Designation

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Height Limits

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Floor to Area Ratio (FAR)

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Dwelling Units per Acre

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Parking Requirement

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Other Requirement

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Project Readiness

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Incentives

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Costs

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Fee Schedule

Half Moon Bay Fee Schedule

Public Investments

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Private Investment

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Local Development Trends & Market Indicators

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940 Main St, South Coastside, CA 94019

2.12 acres (92367.12 sqft)
Owner
Name private per CA AB2238
111 Florada Ave, Piedmont CA 94610-1220
Details
APN: 064272100
For Sale

Contact David Worden

David, from Windward Commercial Real Estate Services, has more details.

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Created on October 4th, 2017 (last updated 10 months ago)