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$8,500,000
Est. payment /mo
3.05 Acres Lot
UPDATED:
01/27/2025 05:45 PM
Key Details
Property Type Vacant Land, Commercial
Sub Type Other Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81991830
Lot Size 3.050 Acres
Property Description
Seller Financing Available!! A rare and unique development opportunity in the heart of Pacifica, CA. This expansive 3-acre property is divided into two distinct parcels, each offering incredible potential for multifamily and commercial development. The first parcel is part of the Pacifica Housing Element and is approved for up to 69 low income housing units. This parcel is ideal for developers looking to contribute to the community with affordable housing options. The second parcel, zoned C2, is suitable for an additional 34 multifamily units based on the Pacifica Zoning Code, making it perfect for mixed use development with both commercial and residential components. Located just minutes away from Pacificas stunning beaches, this property offers a serene and scenic environment for future residents. It is conveniently situated near major employers in the San Francisco Bay Area, making it an attractive location for working professionals. With easy access to major highways, including Highway 1 and Interstate 280, the property ensures seamless connectivity to San Francisco, Silicon Valley, and beyond. The surrounding area boasts local schools, parks, shopping centers, and dining options, offering a well rounded lifestyle for residents.
Location
State CA
County San Mateo
Area Vallemar
Zoning C20000
Exterior
Fence None
Utilities Available Other
Building
Lot Description Grade - Gently Sloped
Sewer Other
Water Other
Others
Tax ID 018-140-460
Horse Property No
Special Listing Condition Not Applicable
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Listed by Sam Runco • Marcus & Millichap