Prime investment opportunity for a seasoned commercial or mixed-use TOD developer looking to expand to this relatively inexpensive part of the San Francisco Bay Area. The property is located just minutes away from the new BART station and can be approved for between 20 and 30 units and up to 7500 sq. ft. of retail space. As demand for housing in the Bay Area continues to grow, there's very little land left to build on and what's there can now be maximized. Invoke the state's mandate and increase your density, thus enhancing and augmenting your profit.
This lot is sandwiched between 2 commercial buildings. You may decide to mimic these structures or simply apply the highest and best use of the lot, which is mixed use. Currently, you are allowed to build up to 3 stories, the first one being a 7500 sq. ft. retail space, the second and third 9000 sq. ft. each. Preliminary plans have been submitted to the City of Pittsburg. You can reconfigure to what best suits your investment needs.
