Waudman Ave - Med Density Residential Zoned Land 0.62 Acres of Residential Land Offered at $400,000 in Stockton, CA 95209

INFILL RESIDENTIAL DEVELOPMENT OPPORTUNITY | NORTH STOCKTON, CA First Commercial Real Estate is pleased to present the exclusive listing of a 0.62-acre infill development parcel located at the northeast corner of Thornton Road and Waudman Avenue in North Stockton, California. This shovel-ready opportunity offers a developer or investor the ability to capitalize on strong residential demand in one of Stockton's most established and accessible submarkets. SITE & ZONING The subject property carries a Residential Medium Density (RM) zoning designation, supporting a broad range of residential product types including duplexes, townhomes, and multi-family apartments. With a maximum density of 17.4 units per net acre (approximately 13.1 units per gross acre), a 35-foot height limit, and a density bonus of up to 30% achievable subject to City approval, the site offers meaningful development flexibility. Utilities are already in place, reducing pre-development costs and compressing the timeline to construction. LOCATION Situated in a mature residential pocket with immediate access to major arterial corridors, the property is positioned approximately ±2 miles from Interstate 5 and ±1 mile from the Hammer Lane retail corridor — one of Stockton's primary commercial strips featuring grocery, dining, and daily-needs retail. The surrounding neighborhood is characterized by established single-family and multi-family residential uses, neighborhood retail centers, and continued residential growth pressure, creating a compelling supply-demand dynamic for new residential product. MARKET DEMOGRAPHICS The immediate trade area supports strong residential fundamentals. Within a 1-mile radius, the site is surrounded by over 25,500 residents across 7,368 households, with an average household income of $113,099 and an average home value of $465,560. The broader 5-mile population base exceeds 239,000 residents, underscoring the depth of demand for both owner-occupied and rental housing in this corridor. INVESTMENT HIGHLIGHTS Rare infill land opportunity in established North Stockton submarket RM zoning supports duplexes, townhomes, and multi-family apartments Utilities in place — reduced pre-development timeline and costs Up to 17.4 units per net acre with 30% density bonus potential Strong area demographics with $113K average household income ±2 miles to Interstate 5 | ±1 mile to Hammer Lane retail Seller financing available ASKING PRICE: $400,000 | APN: 072-410-51 For more information or to schedule a tour, please contact the listing team at First Commercial Real Estate & Advisory Services.