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1257 Magnolia St
San Carlos, CA 94070 San Carlos

$3,495,000 USD

Land For Sale  •  0.21 AC

Property Details

  • Property Type Land
  • Lot Size 0.21 AC
  • Zoning RM-100
60 Transit Score
60 Walk Score

Description 

Amazing Development Opportunity!
This exceptional property comes with fully approved, permit-ready plans for nine condominium units, allowing you to break ground immediately and save valuable time and expense.  Even greater upside may be possible. Under current zoning and recent state housing regulations, there is potential to increase the project to as many as sixteen units. Due to the property's prime transit-oriented location, parking requirements are eliminated, maximizing the site's development potential.
Extensive due diligence has already been completed, including soils reports, surveys, and other key pre-development work. A rare chance for developers and investors to acquire a shovel-ready project with substantial additional upside.

Highlights

Approved Plans
Prime Location
Close to Transportation

Public Transportation

Commuter RailDriveWalkDistance
1 min 7 min 0.4 mi
3 min - 1.2 mi
Transit/SubwayDriveWalkDistance
San Carlos (Caltrain - Caltrain (Caltrain)) 1 min 8 min 0.3 mi
AirportDriveWalkDistance
San Francisco International 18 min - 12.3 mi
Norman Y Mineta San Jose International 30 min - 22.3 mi
Metro Oakland International 37 min - 28.0 mi
Greg Garcia 650-771-0656 Sequoia Realty Services
Greg Garcia 650-771-0656 Sequoia Realty Services