1804 Bay Road

East Palo Alto, CA, 94303

$7,950,000

$175 per ft²
$7,950,000
$175 per ft²
Active
Active
 - For Sale
carpenters-square
45,302 ft²
property_type
Land
Newmark is pleased to present the opportunity to acquire a 100% fee simple interest in 1804 Bay Road in East Palo Alto, California (Assessors Parcel 063-231-240). The property is fully entitled under the State Density Bonus Law, SB 35, for the development of a 102,753 gross square foot ( 73,000 net rentable) mixed-use project consisting of 75 residential rental units with the possibility to go to 95 units and approximately 1,900 square feet of retail space. HOWEVER, IF THE PROPERTY IS DEVELOPED FOR AN AFFORDABLE HOUSING DEVELOPMENT PROJECT, THERE IS NO LIMIT ON DENSITY (PLUS AN ADDITIONAL 3 MORE STORIES CAN BE CONSTRUCTED). CALL FOR ADDITIONAL INFORMATION. The property is strategically located in the future heart of Downtown East Palo Alto, near Facebook and Amazon, in the center of proposed future development of 60,000 square of new retail space, 2.5 million square feet of new office, 1.4 million square feet of Life Science and 126,000 square feet of civic/community-oriented space.
MLS® ID:
ML81893276
Listed:
5/24/22
Updated:
8/9/22

Exterior/Building Features

Lot Size
1.04 acres lot

School Information

High School
Sequoia Union High

Other Property Details

Area Name
East of 101 East Palo Alto
Garage
No
Parking
N
View
N
County
San Mateo
Pool
No
Zoning
M100

Courtesy of Cornish & Carey Commercial, Juan Leon

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