Property summary
This exceptional development opportunity presents a fully entitled 111-unit apartment project situated on a sizable 4-acre lot in Vallejo, California. The project is planned as a garden-style, surface-parking design, offering significant flexibility for the developer. The zoning allows for a 100% market-rate development, a fully affordable housing project, or a blended mix of both, catering to a wide range of investment strategies and community needs. Priced at $4,995,000, this represents a compelling investment opportunity, particularly given the site's location within a Qualified Opportunity Zone (QOZ), offering substantial tax advantages for eligible investors. The property's address is 1765 Broadway, Vallejo, CA 94589, within Solano County. The seller is open to exploring joint ventures or creative financing solutions to facilitate a smooth and mutually beneficial transaction. This is a rare chance to acquire a fully entitled project, eliminating significant pre-development hurdles and accelerating the path to construction and revenue generation. The project's design and location offer strong potential for high occupancy rates and attractive returns. Detailed plans and specifications are available upon request.
Property profile
VerifiedCap rate & NOI
Current use
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Clothing Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CP AND IU · Vallejo, CAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for CP AND IU in Vallejo, CA.
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