1315 Alameda De Las Pulgas Belmont, CA 94002
- Commercial real estate
- 0.56 lot acres
Current Use by Public Records
- Crossing Community Church / Baptist Church
Property Details for 1315 Alameda De Las Pulgas
- Lot size
- 0.56 lot acres
- Property type
- Commercial real estate
Description
Exceptional development opportunity awaits at 1315 Alameda de las Pulgas, Belmont, CA 94002. This 0.562-acre (approximately 24,500 square feet) vacant land parcel, situated within a church property, presents a unique chance for investors and developers. Located in the vibrant Belmont area of San Mateo County, this prime site offers significant potential for high-density mixed-use development, including the possibility of an affordable housing project. A feasibility study has already been conducted, indicating potential for up to 48 affordable housing units (details available in the due diligence folder). The property's location ensures convenient access and a tranquil atmosphere. The seller may consider a ground lease option to facilitate a 100% affordable housing development. This is a rare chance to acquire a substantial parcel in a desirable location, allowing for the creation of a significant project. The asking price is $5,600,000. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Belmont
- County
- San Mateo
- State
- California
- Longitude
- -122.2894137
- Latitude
- 37.5080395
