6940 Rich AVE, Newark, CA 94560
- $5,195,000
Listed by Joshua Johnson, 650-391-1784 from Marcus & Millichap
(If provided) CoList: from
- List Price
- $5,195,000
- MLS#
- ML82057036
- Status
- ACTIVE
- Zoning
- CMU, Commercial Mixed Use
- Lot Size
- 40,291
- Neighborhood
- Newark
Property Description
Large high-density residential development site in the heart of Old Town Newark. The zoning for the site allows residential development at densities between 30 dwelling units per acre and 100 dwelling units per acre. This property has the potential for 100+ apartment units if the developer uses state density bonus laws. The property is less than ten minutes drive to several major shopping centers. Costco, Safeway, Sprouts Farmers Market, Grocery Outlet, 99 Ranch, and Lion Market are all nearby. Additionally, there are dozens of restaurants, shops, and service businesses in the neighborhood. There are 15 parks and sports facilities in Newark, ranging from neighborhood parks all the way up to an indoor recreation and swimming facility. Newark is located on the San Francisco Bay and there are miles of trails along the Bay. The site is also a short drive from Coyote Hill Regional Park and several regional parks in the hills above Fremont.
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Additional Information
- Development Status
- No Site Approval
- Fence
- Chain Link
- Lot Description
- Grade - Level
- Lot Size
- 40,291
- Neighborhood
- Newark
- Other Utilities
- Electricity - On Site, Gas - On Site
- Parcel Access
- City Street
- Present Use
- Commercial
- Sewer
- Sewer - Public
- Zoning
- CMU, Commercial Mixed Use
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