MLS® ID: 40844180
701 Wilbur Ave
ANTIOCH, California, 94509 $2,750,000
East San Francisco Bay Area city infill development opportunity. 1 mile from Antioch Bart station and recently expanded highway 4. The property features 2.78 acres of high density residential land zoned R-25. +/- 55 units "By Right" approval (Planning approval only). Higher density available with council approval. Property has existing rentals on the front one acre generating income while you build out the remaining land. Current income 6.5% cap 14 GRM. Existing space perfect for a contractor yard, manufacturing shop/office with 3 phase power, and/or secured storage. Property near the Delta with fantastic views of Mount Diablo. Investor opportunities considered. Income includes owner occupied units at market rent. Attn. Affordable Housing Developers - Entitlements in place for 126 units with the purchase of the adjoining lot (not currently listed).