For Sale
$5,600,000

1315 Alameda De Las PulgasBelmont, CA 94002

0.56 acre lot, high-density potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional development opportunity awaits at 1315 Alameda de las Pulgas, Belmont, CA 94002. This 0.562-acre (approximately 24,500 square feet) vacant land parcel, situated within a church property, presents a unique chance for investors and developers. Located in the vibrant Belmont area of San Mateo County, this prime site offers significant potential for high-density mixed-use development, including the possibility of an affordable housing project. A feasibility study has already been conducted, indicating potential for up to 48 affordable housing units (details available in the due diligence folder). The property's location ensures convenient access and a tranquil atmosphere. The seller may consider a ground lease option to facilitate a 100% affordable housing development. This is a rare chance to acquire a substantial parcel in a desirable location, allowing for the creation of a significant project. The asking price is $5,600,000. Serious inquiries only.

Highlights

  • 24,500 SF building on approximately 0.56 acres.
  • Property is currently part of a church complex.
  • High-density mixed-use or affordable housing development potential.
  • Excellent location in the desirable Belmont area.
  • Potential for high-density affordable housing development.
  • Feasibility study shows potential for up to 48 affordable housing units (see due diligence package).

Property Details for 1315 Alameda De Las Pulgas

Property type
Land
Lot Size (sq. ft)
24,481 SF

Location Insight

City
Belmont
County
San Mateo
State
California
Latitude
37.5080395
Longitude
-122.2894137
1315 Alameda De Las Pulgas, Belmont, California

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1315 Alameda De Las Pulgas
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