7843 Railroad Ave Newark, CA 94560
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 7843 Railroad Ave
- Property type
- Commercial real estate
Description
This exceptional 18,750 sq ft lot in Newark, CA, presents a remarkable development opportunity. Zoned Residential Low Density (RL), the property is approved for six single-family homes, offering a compelling investment prospect. Alternatively, existing site plans allow for the construction of a six-townhome community. Located in Alameda County, at 7843 Railroad Ave, 94560, this large parcel is conveniently situated a short 12-minute drive from Meta Headquarters, providing easy access to major employers and amenities. The asking price is $1,400,000, translating to under $235,000 per potential unit. This makes it ideal for building to sell, creating rental income, or developing a family compound. The property's potential is further enhanced by its zoning, permitting up to 15 units per acre. Prospective buyers are advised to independently verify all zoning, building requirements, and restrictions with the City of Newark building department. This is a rare opportunity to acquire a substantial parcel in a desirable location with significant development potential.
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
- Newark
- County
- Alameda
- State
- California
- Longitude
- -122.043045
- Latitude
- 37.526749
