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Commercial

2384 & 2410 Old Stony Point Rd

2410 Old Stony Point Rd, Santa Rosa, CA 95407

Listing Price: $1,650,000

Lot Size
3.96 acres
Price/Acre
$416,667
Land Type
Land

Investment Overview

2384 & 2410 Old Stony Point Road presents the opportunity to acquire 3.96 acres of raw land, zoned R-3-18, Medium Residential, which provides for a multifamily use buildable up to 56 units without any additional density bonus. The property was previously entitled for seven 8-unit buildings comprised of 56 townhome
condominiums ranging between 1,332 and 1,668 square feet. The site is identified in the Santa Rosa Housing Element and is ideally located near the intersection of Stony Point Road and Hearn Avenue, both major crosstown traffic corridors. The site is in the path of progress - neighboring sites are under construction or have recently been completed with medium to high density multifamily. A smaller 2.91 acre site three parcels to the north was recently purchased for $1,600,000 and is now under construction with a 50-unit affordable development.

Developers may find it possible to increase density at the site through either the Roseland Priority Development Area or via SB35. Priced at $1,650,000, or approximately $417,000 per acre and $29,000 per unit, the site offers prospective developers significant upside by completing the entitlement process or taking the project all the way through to final construction.

Investment Highlights

  • 3.96 Acre Vacant Site Zoned for 56 Unit Multifamily Development
  • Seller has Purchased California Tiger Salamander and Wetland Mitigation Credits
  • Priced at $416,667 per Acre, and $29,464 per Zoned Unit

Exclusively Listed By

Commercial

2384 & 2410 Old Stony Point Rd

Listing Price: $1,650,000

Lot Size
3.96 acres
Price/Acre
$416,667
Land Type
Land

Investment Highlights

  • 3.96 Acre Vacant Site Zoned for 56 Unit Multifamily Development
  • Seller has Purchased California Tiger Salamander and Wetland Mitigation Credits
  • Priced at $416,667 per Acre, and $29,464 per Zoned Unit

Investment Overview

2384 & 2410 Old Stony Point Road presents the opportunity to acquire 3.96 acres of raw land, zoned R-3-18, Medium Residential, which provides for a multifamily use buildable up to 56 units without any additional density bonus. The property was previously entitled for seven 8-unit buildings comprised of 56 townhome condominiums ranging between 1,332 and 1,668 square feet. The site is identified in the Santa Rosa Housing Element and is ideally located near the intersection of Stony Point Road and Hearn Avenue, both major crosstown traffic corridors. The site is in the path of progress - neighboring sites are under construction or have recently been completed with medium to high density multifamily. A smaller 2.91 acre site three parcels to the north was recently purchased for $1,600,000 and is now under construction with a 50-unit affordable development. Developers may find it possible to increase density at the site through either the Roseland Priority Development Area or via SB35. Priced at $1,650,000, or approximately $417,000 per acre and $29,000 per unit, the site offers prospective developers significant upside by completing the entitlement process or taking the project all the way through to final construction.

Exclusively Listed By

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