7843 Railroad Ave

7843 Railroad Ave Newark, California 94560 United States

Contractors, developers & investors. This 18,750 sq ft lot is zoned R-2500 for medium density multifamily residential use. Fully entitled for the construction of 6 - 3BR/2 bath approx. 1200 sqft townhouse style apartment each w/ fenced & gated private yard and garage, plus 11 additional parking spaces. Included are complete city approved detailed construction drawings. The drawings have been re-submitted to the City of Newark for final approval w/ all initial submittal comments addressed.The fully entitled .43 ac lot, ingress & egress easements and city approved construction drawings will be delivered at the close of escrow. Permit cost at buyers expense. The large private yards offer tenants serene private refuge. In addition to garages, abundant parking is an attractive feature for tenants. The property is convenient to the Rt. 880 corridor as well as the Dumbarton bridge for commuting & is positioned in a strong rental neighborhood where 53% of the households are renter occupied

Listing Courtesy of Ken Smith , Realty World One Alliance