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- LoopNet Team
Filbert St
Newark, CA 94560
FIlbert Villas 16 Townhome / Condo · Land For Sale
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0.92 AC
Investment Highlights
- Strategic Location: Located on Filbert Street, Newark, CA, offering easy access to the Dumbarton Bridge, Silicon Valley, and San Francisco Peninsula.
- Luxury Townhomes: Each of the 16 units offers 2,250 sq. ft. of modern living space, featuring 4 bedrooms and 3.5 bathrooms.
- High Revenue Opportunity: Total projected revenue is estimated at $26M, offering substantial returns for investors.
- Proximity to Tech Giants: Close to major employers like Meta (Facebook HQ), Amazon, Logitech, and Lucid Motors, ensuring high demand.
- Strong Market Potential: Projected unit prices ranging from $1.5M to $1.7M.
- Rising Market Demand: Newark’s growing economy and proximity to Silicon Valley create a strong demand for high-quality housing in this area.
Property Facts
Description
Seize the chance to invest in Filbert Villas, a fully permitted, shovel-ready development featuring 16 luxury townhome-style condominiums on a 0.92-acre parcel located on Filbert Street in Newark, California. Each three-story unit offers approximately 2,250 square feet of thoughtfully designed living space, including 4 bedrooms and 3.5 bathrooms, catering to the demands of modern families and professionals. Prime Location: Strategic Connectivity: Situated near the Dumbarton Bridge, Filbert Villas provides seamless access to major employment hubs across the San Francisco Peninsula and Silicon Valley, enhancing its appeal to commuters. Proximity to Major Employers: The development is in close vicinity to prominent companies, including Meta (Facebook) Headquarters in Menlo Park, and key employers within Newark such as Amazon Fulfillment Center, Logitech, and Lucid Motors, ensuring a steady demand from professionals seeking quality housing. Market Insights: Robust Housing Market: Newark's real estate market is experiencing significant growth, with home values appreciating by 10.9% over the past year, reaching an average value of $1,285,734. High Demand for Spacious Units: Recent sales of similar 4-bedroom, 3.5-bathroom townhomes in Newark have achieved prices ranging from $1,500,000 to $1,700,000, indicating strong market demand for well-appointed, larger living spaces. Financial Projections: Estimated Unit Selling Price: Based on current market trends, each unit is projected to sell for approximately $1,600,000. Total Revenue Potential: The entire development is poised to generate an estimated total sales revenue of $26,000,000, offering a lucrative return on investment. Investment Highlights: Turnkey Development: With all necessary permits secured, construction can commence immediately, expediting the project's timeline and potential returns. Desirable Living Spaces: The spacious floor plans and modern amenities are designed to attract discerning buyers, ensuring competitive positioning in the market. Economic Growth: Newark's thriving economy and proximity to leading tech companies contribute to a resilient real estate market, enhancing the investment's stability and profitability. Filbert Villas represents a compelling investment opportunity in a burgeoning market, combining strategic location, robust demand, and strong financial projections. Investors are invited to capitalize on this ready-to-build project poised to deliver substantial returns in the dynamic Newark real estate landscape. For detailed financial models, architectural plans, and further information, please contact the listing agent.
