$5,195,000

Large high-density residential development site in the heart of Old Town Newark. The zoning for the site allows residential development at densities between 30 dwelling units per acre and 100 dwelling units per acre. This property has the potential for 100+ apartment units if the developer uses state density bonus laws. The property is less than ten minutes drive to several major shopping centers. Costco, Safeway, Sprouts Farmers Market, Grocery Outlet, 99 Ranch, and Lion Market are all nearby. Additionally, there are dozens of restaurants, shops, and service businesses in the neighborhood. There are 15 parks and sports facilities in Newark, ranging from neighborhood parks all the way up to an indoor recreation and swimming facility. Newark is located on the San Francisco Bay and there are miles of trails along the Bay. The site is also a short drive from Coyote Hill Regional Park and several regional parks in the hills above Fremont. Large high-density residential development site in the heart of Old Town Newark. The zoning for the site allows residential development at densities between 30 dwelling units per acre and 100 dwelling units per acre. This property has the potential for 100+ apartment units if the developer uses state density bonus laws. The property is less than ten minutes drive to several major shopping centers. Costco, Safeway, Sprouts Farmers Market, Grocery Outlet, 99 Ranch, and Lion Market are all nearby. Additionally, there are dozens of restaurants, shops, and service businesses in the neighborhood. There are 15 parks and sports facilities in Newark, ranging from neighborhood parks all the way up to an indoor recreation and swimming facility. Newark is located on the San Francisco Bay and there are miles of trails along the Bay. The site is also a short drive from Coyote Hill Regional Park and several regional parks in the hills above Fremont.

$2,000,000

Incredible opportunity to build an approved attached residential development in the heart of Newark. The seller has an approved tentative map for eight duet-style condo residences. There is one 3-bedroom plan that measures approximately 1,410 SF and two 4-bedroom plans that average 2,135 SF. All homes are two stories with attached two-car garages. The design of this project feels like detached residences, providing homeowners with privacy and open space around their home. There are no BMR units in this development; all homes can be sold at market prices! The site is a short drive from several shopping centers, major employers, schools and parks. Incredible opportunity to build an approved attached residential development in the heart of Newark. The seller has an approved tentative map for eight duet-style condo residences. There is one 3-bedroom plan that measures approximately 1,410 SF and two 4-bedroom plans that average 2,135 SF. All homes are two stories with attached two-car garages. The design of this project feels like detached residences, providing homeowners with privacy and open space around their home. There are no BMR units in this development; all homes can be sold at market prices! The site is a short drive from several shopping centers, major employers, schools and parks.