Glenn Dr & Chapel Dr Camarillo, CA 93010

Property Details for 0 Glenn Dr & Chapel Dr

Lot size

0.35 lot acres

Property size

1,100 SF

Property type

Land

Description

This exceptional investment opportunity presents a prime 0.35-acre parcel in Camarillo's Old Town, ideally situated at the intersection of S Glenn Drive and Chapel Drive (93010). Currently a parking lot with curb cuts, the property offers pre-approved plans for the construction of two multifamily buildings, each approximately 5,915 square feet. Each building will encompass four units, each with an attached garage, totaling eight units across both buildings. The total buildable square footage ranges from 1,100 to 5,915 square feet, with an asking price of $1,700,000 ($1 per square foot). This translates to a compelling value proposition for developers. The location is highly desirable, offering convenient walkability to numerous restaurants and retail establishments, as well as the Metro/Amtrak station. A significant advantage is the property's proximity to Dizdar Park, slated for complete renovation by the City of Camarillo beginning in 2023, promising increased community activity and enhanced property value. Furthermore, easy access to the 101 Freeway ensures excellent connectivity. This is a turnkey project with plans ready for submission, presenting a rare chance to capitalize on Camarillo's thriving market and create a valuable multifamily asset. The property's existing infrastructure, including curb cuts, streamlines the development process. This is a truly unique opportunity to develop a high-demand multifamily property in a vibrant and convenient location.