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4386 Parker Flt Seaside, CA 93955

Sponsored
For Sale
$2,999,999

4.9-Acre Former Military Barracks, 42 Units

Description

Added:
Feb 3, 2025
Days on Market:
338
This exceptional commercial redevelopment opportunity presents a unique chance to transform a 4.9-acre parcel in Seaside, CA, into a thriving multi-family residential complex. The property consists of two existing buildings, totaling approximately 39,289 square feet, situated at 4386 Parker Flats Cut Off Road. Building A, at approximately 19,909 square feet, and Building B, at approximately 19,380 square feet, are former military nursing barracks. The proposed project envisions converting these structures into 42 residential units, catering to a diverse range of needs. The unit mix includes two one-bedroom/one-bathroom units, twenty-nine two-bedroom/one-bathroom units, and eleven three-bedroom/two-bathroom units. Building A will also incorporate a laundromat and administrative offices. A significant aspect of this development is the inclusion of eight deed-restricted affordable units, contributing to the community's housing needs. This breakdown includes two low-income, three moderate-income, and three workforce units. The property's prime location in Seaside, coupled with its substantial size and existing infrastructure, offers significant potential for a high-return investment. This is a rare chance to acquire a large-scale development project with built-in affordability components, poised for immediate transformation. The asking price for this remarkable opportunity is $2,999,999.

Property Features for 4386 Parker Flt

General Information

Property type
Other commercial real estate

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Seaside
County
Monterey
State
California
Longitude
-121.7794
Latitude
36.6302

FAQs

What type of property is this?
Commercial real estate - 4.9-Acre Former Military Barracks, 42 Units
Where is this commercial real estate located?
The property is located at 4386 Parker Flt Seaside, CA.
What is the asking price?
The asking price for this property is $2,999,999.
More about this property
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