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78 Springs Rd - Springtowne Center

1.22 Acres of Commercial Land Offered at $419,999 CAD in Vallejo, CA 94590

Commercial Land California Vallejo 78 Springs Rd, Vallejo, CA 94590

Investment Highlights

  • Conveniently located Springs Road, with easy access to Hwy 80.

Executive Summary

Unlock the potential of this prime 1.22-acre commercial parcel in Vallejo, CA, zoned for a 30-unit multifamily residential development. With NMX zoning and partial entitlement, this vacant land presents a rare opportunity for investors seeking to capitalize on the growing demand for multifamily housing in the area. City-approved drawings for a 30-unit apartment complex are under V1 revision, with the only outstanding requirement being an environmental report. This property's strategic location and promising entitlement status make it an ideal investment opportunity for savvy land and multifamily investors looking to take advantage of Vallejo's dynamic real estate market.

Attachments

78 Springs Road 08-27-2024

Property Facts

Price $419,999 CAD Property Subtype Commercial
Sale Type Investment Proposed Use Apartment Units
No. Lots 1 Total Lot Size 1.22 AC
Property Type Land Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $419,999 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Apartment Units
Total Lot Size 1.22 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price $419,999 CAD Lot Size 1.22 AC
Price Per AC $344,262 CAD
Price $419,999 CAD
Price Per AC $344,262 CAD
Lot Size 1.22 AC

1.22-acre parcel - planned for 30 Unit MFR development Existing Use: Vacant Land Future Use: 30 Apartment Units Status: Partially entitled, drawings under V1 revision from City.

Description

1.22-acre parcel - planned for 30 unit MFR development Zoning: NMX Existing Use: Vacant Land Future Use: 30 Apartment Units Status: Partially entitled, drawings under V1 revision from City. City has told us that the only remaining hurdle to full entitlement is an environmental report.

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78 Springs Rd, Vallejo, CA - aerial map view
Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
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PROPERTY TAXES

Parcel Numbers
Multiple
  • 0056-155-310
  • 0071-061-540
 Improvements Assessment $644,322 CAD
Land Assessment $1,960,302 CAD Total Assessment $2,604,624 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0056-155-310
  • 0071-061-540
Land Assessment
$1,960,302 CAD
Improvements Assessment
$644,322 CAD
Total Assessment
$2,604,624 CAD

zoning

Zoning Code NMX
NMX
(707) 226-2661 x206

  • Listing ID: 29727155

  • Date on Market: 2023-10-06

  • Last Updated:

  • Address: 78 Springs Rd, Vallejo, CA 94590

The Land Property at 78 Springs Rd, Vallejo, CA 94590 is currently available For Sale. Contact Strong & Hayden for more information.

Land PROPERTIES IN NEARBY NEIGHBORHOODS

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78 Springs Rd, Vallejo, CA for sale Building Photo- Image 1 of 8
78 Springs Road Rendering
78 Springs Rd, Vallejo, CA for sale Building Photo- Image 2 of 8
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78 Springs Rd, Vallejo, CA for sale Building Photo- Image 3 of 8
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78 Springs Rd 3
78 Springs Rd, Vallejo, CA for sale Site Plan- Image 5 of 8
78 Springs Road
78 Springs Rd, Vallejo, CA for sale Primary Photo- Image 6 of 8
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78 Springs Rd, Vallejo, CA for sale Building Photo- Image 7 of 8
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78 Springs Rd - Springtowne Center
(707) 226-2661 x 206

78 Springs Rd - Springtowne Center

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Gary Van Dam

(707) 226-2661

x206

(707) 226-2661 x206

Lynsey Grayson

(707) 226-2661

(707) 226-2661

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