Pacific Coast Hwy Pacifica, CA 94044

Property Details for Pacific Coast Hwy

Lot size

3.05 lot acres

Property type

Commercial real estate

Description

This exceptional 3.05-acre property in Pacifica, California presents a rare dual-parcel development opportunity. One parcel, designated within Pacifica's Housing Element, has approval for up to 69 low-income housing units, providing a significant contribution to the community's affordable housing needs. This aligns perfectly with current initiatives promoting responsible and inclusive development. The second parcel, zoned C2, offers the potential for an additional 34 multifamily units, according to the Pacifica Zoning Code, allowing for a mixed-use development incorporating both residential and commercial components. This creates a versatile project with strong potential for diverse income streams. The property's prime location offers easy access to Pacifica's beautiful beaches, creating a highly desirable living environment. Its proximity to major employers in the San Francisco Bay Area, coupled with convenient access to Highway 1 and Interstate 280, ensures excellent connectivity to San Francisco, Silicon Valley, and surrounding areas. The surrounding area is well-established, with local schools, parks, shopping centers, and restaurants providing a complete and convenient lifestyle for future residents. Seller financing is available, making this an even more attractive investment opportunity. The combined potential of both parcels makes this a truly unique and lucrative development prospect in a highly sought-after coastal location. The property is priced at $8,500,000.