3440 San Pablo Dm Rd San Pablo, CA 94803-2726
This exceptional 3.8-acre development site presents a unique investment opportunity in San Pablo, California. Located in Contra Costa County at 3440 San Pablo Dam Rd, zip code 94803, this fee simple property (APN: 420-130-025-0, 420-130-020-1, 420-130-020-3) is zoned R4, allowing for high-density residential development. The General Plan permits up to 65 units per acre, with potential for additional density bonuses, suggesting a total of 226 units are possible. This prime urban infill location offers significant upside for developers seeking to build townhomes, multi-family dwellings, a hotel, or commercial space. The site's strategic position off Interstate 80 and on San Pablo Dam Rd provides excellent visibility and accessibility. Furthermore, its adjacency to a thriving shopping center anchored by Raley's, along with Starbucks and McDonald's, enhances its desirability. The asking price is $3,400,000, translating to an attractive price per square foot of $21 and a low price per potential unit of $15,000. This presents a compelling opportunity to capitalize on the strong demand for housing and commercial space in the Inner East Bay of the San Francisco Bay Area. The property's location and zoning regulations make it an ideal candidate for a variety of development projects.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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