Nut Tree Apartment Development 12.01 Acres of Residential Land Offered at $7,000,000 in Vacaville, CA 95688
INVESTMENT HIGHLIGHTS
- All city approvals in place.
- Prevailing wage required.
- If developed as affordable Section 8, vouchers are available.
- Plans updated to 2022 code.
- If developed as market rate no BMR required.
EXECUTIVE SUMMARY
The property is immediately adjacent to Nut Tree Plaza, a ±392,00 SF retail and commercial center featuring restaurants, retails, banks, and service providers. The Nut Tree Apartments have direct pedestrian access to the Plaza giving tenants a full live/shop experience.
The Property is being offered for either market rate or affordable development.
PROPERTY FACTS
| Price | $7,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 12.01 AC |
| Zoning | MU - Mixed Use Residential |
1 LOT AVAILABLE
Lot
| Price | $7,000,000 |
| Price Per AC | $582,847.63 |
| Lot Size | 12.01 AC |
12.01 acres; the project will be fully entitled at closing. Density of just 18 units per acre allows for true garden style living. Amenities include a pool/spa, dog park, bocce ball courts and a luxurious clubhouse.
DESCRIPTION
The Nut Tree Apartment Development Site is a multi-family development project located in Vacaville, CA. 216 units situated on 12.01 acres; the project is fully entitled. Density of just 18 units per acre allows for true garden style living. Amenities include a pool/spa, dog park, bocce ball courts and a luxurious clubhouse. The property is immediately adjacent to Nut Tree Plaza, a ±392,00 SF retail and commercial center featuring restaurants, retails, banks, and service providers. The Nut Tree Apartments have direct pedestrian access to the Plaza giving tenants a full live/shop experience. The Property is being offered for either market rate or affordable development.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $2,679,546 | Total Assessment | $2,679,546 |
