529 Community Ln, Woodland, CA, 95695

Description

ALIVE Commercial Real Estate is thrilled to present an exclusive opportunity to acquire 529 & 533 Community Lane in Woodland, CA. This property consists of three parcels on Community Lane, located adjacent to and across the street from existing multifamily properties. Covering approximately 1.32 acres, the parcels are currently used for industrial purposes, with an existing building of about 10,000 square feet. This property offers an incredible opportunity, generating in-place cash flow with exceptional development potential for apartments or high-density for-sale housing. According to the city's 2035 General Plan, these parcels are within the city's multifamily residential (R-M) zone district and designated for Medium Density Residential land use. This designation allows for a density of 8.1-19.9 dwelling units per acre with a maximum building height of 40 feet. The city is currently undergoing a comprehensive update to its zoning code, which may result in changes to the applicable development standards.
For further information, please visit: https://www.cityofwoodland.gov/1168/Documents

529 & 533 Community Lane