For Sale
$1,400,000

7843 Railroad AveNewark, CA 94560

6-Unit Potential, Large Lot, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 18,750 sq ft lot in Newark, CA, presents a remarkable development opportunity. Zoned Residential Low Density (RL), the property is approved for six single-family homes, offering a compelling investment prospect. Alternatively, existing site plans allow for the construction of a six-townhome community. Located in Alameda County, at 7843 Railroad Ave, 94560, this large parcel is conveniently situated a short 12-minute drive from Meta Headquarters, providing easy access to major employers and amenities. The asking price is $1,400,000, translating to under $235,000 per potential unit. This makes it ideal for building to sell, creating rental income, or developing a family compound. The property's potential is further enhanced by its zoning, permitting up to 15 units per acre. Prospective buyers are advised to independently verify all zoning, building requirements, and restrictions with the City of Newark building department. This is a rare opportunity to acquire a substantial parcel in a desirable location with significant development potential.

Highlights

  • $1,400,000 asking price.
  • Mixed-use land zoned RL.
  • 18,750 sq ft lot.
  • Approved for six single-family homes; option to develop six townhomes.
  • 12-minute drive from Meta Headquarters.

Property Details for 7843 Railroad Ave

Property type
Mixed-use properties, Land
Buildings
2

Location Insight

City
Newark
County
Alameda
State
California
Latitude
37.526749
Longitude
-122.043045
7843 Railroad Ave, Newark, California

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7843 Railroad Ave
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