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Uyen Nguyen

REALTOR®

  • Office 408-532-1278
  • Cell 408-483-8118
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1804 Bay Rd, EAST PALO ALTO, CA – $7,950,000

  • $8M Price
  • 1.04 Acres
  • $8M Price
  • 1.04 Acres

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1804 Bay Rd

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.

Essential Information

  • MLS® #ML81893276
  • Price$7,950,000
  • Acres1.04
  • TypeResidential Lots and Land
  • Sub-TypeResidential Development Land
  • StatusActive

Community Information

  • Address1804 Bay Rd
  • AreaEast of U.S. 101
  • CityEAST PALO ALTO
  • CountySan Mateo
  • StateCA
  • Zip Code94303

Amenities

  • UtilitiesPublic Utilities

Exterior

  • Lot DescriptionOther

Additional Information

  • ZoningM10000

Listing Details

  • AgentJuan De Leon
  • OfficeCornish & Carey Commercial
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© 2022 MLSListings Inc. All rights reserved. Based on information from MLSListings MLS as of September 25th, 2022 at 1:55pm PDT.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.