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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

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    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.
    (831) 646-1919
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    4386 Parker Flt Seaside, CA 93955
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

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    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4386 Parker Flt Seaside, CA 93955
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