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$1,400,000
Est. payment /mo
0.27 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82025400
HOA Y/N No
Lot Size 0.265 Acres
Property Description
An exceptional opportunity awaits developers and builders to construct new housing in the high-demand San Mateo market. This generous, cleared lot, measuring approximately 11,548 square feet (over a quarter-acre), is a prime canvas for a multi-unit residential project. Development Highlights: Shovel-Ready Site: The lot has been fully cleared following a fire and is ready for new construction, eliminating significant demolition costs and delays. Multi-Family Potential: The lot size strongly supports multi-family development, such as a Condo/Townhome complex or a Duplex/Triplex (subject to specific zoning).High-Density Zoning Advantage: Depending on the parcel's specific zoning (likely R-3, R-4, or R-5), the density allowance for a 11,548 sq. ft. lot can be significant, offering a strong return on investment. Potential Unit Count: At the typical medium-to-high density rates in San Mateo (e.g., R-3/R-4, which can require a minimum of 1,000 to 2,000 sq. ft. per dwelling unit), this lot may allow for 5 to 11+ dwelling units (excluding ADUs/JADUs), subject to final development review and floor area ratio (FAR) limits.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R1000C
Interior
Fireplace No
Exterior
Utilities Available Natural Gas Available
Building
Water Public
Schools
School District Other
Others
Tax ID 033351250
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Listed by Hakan Cildir Realty One Group Extreme
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