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$ 1,400,000
Est. payment | /mo
0.27 Acres Lot
$ 1,400,000
Est. payment | /mo
0.27 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82025400
HOA Y/N No
Lot Size 0.265 Acres
Property Description
An exceptional opportunity awaits developers and builders to construct new housing in the high-demand San Mateo market. This generous, cleared lot, measuring approximately 11,548 square feet (over a quarter-acre), is a prime canvas for a multi-unit residential project. Development Highlights: Shovel-Ready Site: The lot has been fully cleared following a fire and is ready for new construction, eliminating significant demolition costs and delays. Multi-Family Potential: The lot size strongly supports multi-family development, such as a Condo/Townhome complex or a Duplex/Triplex (subject to specific zoning).High-Density Zoning Advantage: Depending on the parcel's specific zoning (likely R-3, R-4, or R-5), the density allowance for a 11,548 sq. ft. lot can be significant, offering a strong return on investment. Potential Unit Count: At the typical medium-to-high density rates in San Mateo (e.g., R-3/R-4, which can require a minimum of 1,000 to 2,000 sq. ft. per dwelling unit), this lot may allow for 5 to 11+ dwelling units (excluding ADUs/JADUs), subject to final development review and floor area ratio (FAR) limits.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R1000C
Interior
Fireplace No
Exterior
Utilities Available Natural Gas Available
Building
Water Public
Schools
School District Other
Others
Tax ID 033351250
Listed by Hakan Cildir Realty One Group Extreme
