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El Camino Real Multi Family Development Site 685 E El Camino Real 5,945 SF Retail Building Sunnyvale, CA 94087 $31,900,000 ($5,365.85/SF)
EXECUTIVE SUMMARY
The Property is located at 665, 681, 683, and 685 El Camino Real in Sunnyvale California and totals 3.032 acres of land. The site is designated within the Sunnyvale El Camino Real Specific Plan (ECRSP) for multi-family development. The ECRSP provides for housing densities of 42 units per acre, which can be expanded by 14 units per acre if certain development criteria are achieved. Along with the residential units, the ample 438 feet of El Camino Real frontage provides a great opportunity to develop retail store fronts of approximately 20000 square feet.
Located within the El Camino Real Specific Plan
Designated for multi-family-mixed use development
3.032 Acres
Approximately 438 feet of frontage on El Camino Real
Development rights of 42 units per acre
Additional Development incentives of 14 units per acre
Mixed Use - Store Front of approximately 20000 square feet
Traffic Counts of 45200 ADT along El Camino Real
Strong Residential demand with insufficient housing supply
Outstanding Schools
Tremendous high tech job market and affluent demographics
Located within the El Camino Real Specific Plan
Designated for multi-family-mixed use development
3.032 Acres
Approximately 438 feet of frontage on El Camino Real
Development rights of 42 units per acre
Additional Development incentives of 14 units per acre
Mixed Use - Store Front of approximately 20000 square feet
Traffic Counts of 45200 ADT along El Camino Real
Strong Residential demand with insufficient housing supply
Outstanding Schools
Tremendous high tech job market and affluent demographics
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,945 SF
Building Class
C
Year Built
1957
Price
$31,900,000
Price Per SF
$5,365.85
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.84 AC
Zoning
C2 - Located within the El Camino Real Specific Plan
Designated for multi-family-mixed use development
3.032 Acres
Approximately 438 feet of frontage on
Parking
50 Spaces (9.56 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
Bike Score®
Very Bikeable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 211-08-031 | Improvements Assessment | $160,774 |
| Land Assessment | $197,743 | Total Assessment | $358,517 |
PROPERTY TAXES
Parcel Number
211-08-031
Land Assessment
$197,743
Improvements Assessment
$160,774
Total Assessment
$358,517
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El Camino Real Multi Family Development Site | 685 E El Camino Real
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