38891 Mission Blvd Fremont, CA 94536

A property of approximately 20,027 square feet situated on 1.71 acres is available for sale in Fremont. Formerly a seminary school, the site presents a potential redevelopment opportunity with zoning allowing up to 29 units per acre. The property is located in the Fremont submarket of East Bay, which encompasses around 5.1 million square feet of office space. Currently, there is approximately 35,000 square feet under construction in Fremont, marking the most construction activity in over five years. This represents a shift from recent trends, as the last office building completed here was over five years ago. The inventory has decreased over the past five years due to demolition. The area has seen investment activity in recent years, with buyers acquiring assets. The property is located near the corner of Mission Boulevard and Walnut Avenue, with convenient access to the 680 and 880 Freeways. The first and second floors are fully improved. The property is ideally suited for a private school, with a Conditional Use Permit already in place. It is currently zoned residential, with redevelopment potential of up to approximately 50 units under SB 330. The property is surrounded by dense residential neighborhoods and is in close proximity to various amenities, including the California School for the Blind and the School for the Deaf.