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Listed by Dan McGue Coldwell Banker Commercial Realty
$ 12,000,000
Est. payment | /mo
0.73 Acres Lot
$ 12,000,000
Est. payment | /mo
0.73 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential Lot
Listing Status Active
Purchase Type For Sale
MLS Listing ID 424082923
HOA Y/N No
Lot Size 0.728 Acres
Acres 0.7276
Property Sub-Type Residential Lot
Property Description
Unique development opportunity in Sunnyvale, California, encompassing approx 31,364 SF across 2 parcels. Currently, 1 parcel hosts a vacant commercial building, while the other contains a vacant single-family residence. The approved proposed project envisions 4 residential buildings, each featuring 6 condo units on 3 levels, plus a common rooftop garden. Each level houses 2 units, offering a total of 24 units with a mix of 12 three-bedroom/two-bath units & 12 two bedroom/two-bath units complete with individual patios. The total livable area spans roughly 29,450 SF. Each unit includes a private 2 car garage, complemented by an additional 10 unassigned outdoor parking spaces, including 2 ADA-accessible spots, for a total of 58 spaces. The property benefits from its prime Silicon Valley location, just a short 6 minute drive to the Sunnyvale Caltrain station & the Google Headquarters. Zoned R4 for multifamily use, the site holds a medium-density designation under the general plan. This location offers a highly desirable core position within Silicon Valley, a global technology hub home to over 500 tech companies and 15 Fortune 500 corporations. This project presents a rare opportunity to develop residential units in a market with significant demand & limited supply.
Location
State CA
County Santa Clara
Area Sunnyvale
Zoning R4
Interior
Fireplace No
Exterior
Utilities Available Electricity Available
Total Parking Spaces 58
Building
Lot Description Shape Regular
New Construction No
Others
Tax ID 20403002
