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915 Airport Blvd - Caltrain TOD M/F Site with Hotel Entitlements 0.66 Acres of Commercial Land in South San Francisco, CA 94080

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INVESTMENT HIGHLIGHTS

100+ unit development potential as LIHTC affordable housing project
Existing entitlements for 115-room hotel with 78-car parking garage
Close proximity to Oyster Point Biotech Cluster (less than 1 mile)

$186,600 AMI in San Mateo County (2025)
Within 0.5 miles of South San Francisco Caltrain Station with 13-minute express train ride to DT San Francisco and DT San Mateo
Newly constructed apartment communities achieving $4-5 per square foot rents in local market

EXECUTIVE SUMMARY

Prime SF Peninsula development site opportunity with high freeway visibility (243,600 ADT), close proximity to Caltrain station and existing hotel entitlements.

Airport_Boulevard_915_FINAL

PROPERTY FACTS

Sale Type	Investment	Property Subtype	Commercial
No. Lots	1	Proposed Use	Multifamily Apartment Units Hotel Storefront, Retail or Office
Property Type	Land	Total Lot Size	0.66 AC
Zoning	TC3 - Transect 3 Corridor (T3C) zoning. Low Density Mixed Use GP. 20-60 du/ac. 1.50-2.25 FAR. 65% max lot coverage. 50' height limit (83 feet per AB 1763).

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily Apartment Units Hotel Storefront, Retail or Office
Total Lot Size	0.66 AC
Zoning	TC3 - Transect 3 Corridor (T3C) zoning. Low Density Mixed Use GP. 20-60 du/ac. 1.50-2.25 FAR. 65% max lot coverage. 50' height limit (83 feet per AB 1763).

1 LOT AVAILABLE

Lot

Lot Size	0.66 AC

Lot Size	0.66 AC

915 Airport is zoned T3C allowing up to 60 units per acre at a maximum FAR of 2.25 with a 50-foot height limit and a 65% maximum lot coverage ratio. The Property is a strong candidate for LIHTC affordable housing development.

DESCRIPTION

+/-28,750 SF (+/-0.66 acres) of land with close proximity to Oyster Point, world's largest biotech and life sciences cluster with 250+ companies occupying 12 MSF. Previously approved for 115-room upscale hotel totaling +/-79,159 SF, including ground floor restaurant/lounge area, 78-car parking garage and convenient passenger drive-up and drop-off loading area. 384,286 population with 120,313 households in 5-mile radius (2024). 6,000+ population growth projected in next 5 years. $1,325,000 median home price in Diamond Heights/Peck's Lot neighborhood (April 2025, Redfin). South San Francisco population of 65,397 with $135,909 median household income and 3.8% unemployment rate.

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