For Sale
$4,995,000

1765 Broadway St Vallejo, CA 94589

111 Units, 4 Acres, QOZ

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional development opportunity presents a fully entitled 111-unit apartment project situated on a sizable 4-acre lot in Vallejo, California. The project is planned as a garden-style, surface-parking design, offering significant flexibility for the developer. The zoning allows for a 100% market-rate development, a fully affordable housing project, or a blended mix of both, catering to a wide range of investment strategies and community needs. Priced at $4,995,000, this represents a compelling investment opportunity, particularly given the site's location within a Qualified Opportunity Zone (QOZ), offering substantial tax advantages for eligible investors. The property's address is 1765 Broadway, Vallejo, CA 94589, within Solano County. The seller is open to exploring joint ventures or creative financing solutions to facilitate a smooth and mutually beneficial transaction. This is a rare chance to acquire a fully entitled project, eliminating significant pre-development hurdles and accelerating the path to construction and revenue generation. The project's design and location offer strong potential for high occupancy rates and attractive returns. Detailed plans and specifications are available upon request.

Highlights

  • 111-unit apartment building development opportunity, fully entitled.
  • 4-acre site in Vallejo, CA.
  • Garden-style project with surface parking.
  • Potential for 100% market-rate, affordable, or mixed-income units.
  • Asking price: $4,995,000.
  • Joint venture or creative financing options available.

Property Details for 1765 Broadway St

Property type
Apartment buildings

Location Insight

City
Vallejo
County
Solano
State
California
Latitude
38.130493
Longitude
-122.25303

FAQs

What type of property is this?
Apartment building - 111 Units, 4 Acres, QOZ
Where is the apartment building located?
The property is located at 1765 Broadway St Vallejo, CA.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: 111-unit apartment building development opportunity, fully entitled.; 4-acre site in Vallejo, CA.; Garden-style project with surface parking.
How can I contact the broker?
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1765 Broadway St
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