Pacific Coast hwy - Coast Highway Development Opportunity 3.05 Acres of Residential Land Offered at $7,995,000 in Pacifica, CA 94044

Seller Financing Available!!
Marcus & Millichap is pleased to present a rare and unique development opportunity in the heart of Pacifica, CA. This expansive 3-acre property is divided into two distinct parcels, each offering incredible potential for multifamily and commercial development.
The lower parcel is part of the Pacifica Housing Element and is newly zoned MU-60 allowing for 60 units per acre above ground floor retail. This parcel is ideal for developers looking to contribute to the community with housing options. The upper parcel is zoned “C2 Community Commercial District.” Permitted uses are retail stores and shops, personal and business service establishments, restaurants and bars, fast food restaurants, etc. With a conditional use permit, you can add additional dwelling units on this parcel.
Located just minutes away from Pacifica’s stunning beaches, this property offers a serene and scenic environment for future residents. It is conveniently situated near major employers in the San Francisco Bay Area, making it an attractive location for working professionals. With easy access to major highways, including Highway 1 and Interstate 280, the property ensures seamless connectivity to San Francisco, Silicon Valley, and beyond. The surrounding area boasts local schools, parks, shopping centers, and dining options, offering a well-rounded lifestyle for residents. Nestled in a picturesque coastal community known for its natural beauty, hiking trails, and outdoor recreational activities, this property provides an exceptional opportunity for developers to create a significant impact in a thriving community.