28+ Multifamily Development Opportunity

830-848 Great Jones Street Fairfield, CA 94533

830-848 Great Jones Street, Fairfield, CA, 94533
830-848 Great Jones Street, Fairfield, CA, 94533
FOR SALE
Property Type:
Multifamily Land
Amount:
$1,850,000
Last Verified:
Jun 03, 2020

Highlights

  • 3 APN site, Zoned for Mixed-Use Office and approved for Multifamily on 1.38+/- acres – For Sale by Owner
  • Completed Architectural work for 28 Unit Multifamily development
  • Potential to increase total Unit number by adding Affordable Housing Units
  • Potential to add Office spaces on 1st floor
  • Strengthening local demographics and population growth.
  • Easy access to SF Bay Area Wine Country (Napa, Sonoma and Suisun Valley).
  • Easy access to Napa, San Francisco, Sacramento, Walnut Creek, San Ramon and Santa Rosa.

Description

This great Multi-family Development property is located in the heart of Fairfield, CA and is also found as a strategic target in the Heart of Fairfield initiative.

Fairfield is experiencing an influx of Bay Area residents seeking a higher standard of living for a lower cost, easy access to Wine Country and walkable access to a vibrant downtown environment.

Currently approved for a 28-unit multi-family development, the architectural work has been completed, and the construction drawings remain to be done.

This great Multi-family Development property is located in the heart of Fairfield, CA and is also found as a strategic target in the Heart of Fairfield initiative.

Fairfield is experiencing an influx of Bay Area residents seeking a higher standard of living for a lower cost, easy access to Wine Country and walkable access to a vibrant downtown environment.


Year Built: 1958
Building Size: 2156.0sq ft
Lot Size: 1.38 acres

Map of 830-848 Great Jones Street, Fairfield, CA, 94533

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.