$650,000

About this home

Exceptional development opportunity in the heart of Hayward! Rare 24,888± sq. ft. (0.57-acre) flag lot offering tremendous upside for builders, developers and investors. Included with the sale are approved plans for an attractive 6-unit townhouse development featuring six spacious 3-bedroom, 2.5-bath residences with attached garages, professionally designed site improvements, landscaping and supporting development plans. This significantly reduces entitlement time and allows a developer to move closer to construction. The property also offers an exciting alternative development opportunity. A professionally prepared feasibility study has been completed for a 32-unit Residential Care Facility for the Elderly (RCFE)/Assisted Living Facility featuring private resident suites, elevator service, dining facilities, common living areas, administrative offices and support amenities, providing buyers with multiple potential development strategies. Located in an established residential neighborhood with convenient access to downtown Hayward, BART, major employment centers, shopping, restaurants, schools and Interstate 880. The flag lot configuration provides privacy while maintaining convenient street access. Whether your objective is to develop market-rate townhomes, pursue senior housing, or explore other residential opportunities (subject to City approval), this property presents exceptional value with extensive planning work already completed. Opportunities with approved development plans and alternative conceptual designs are increasingly difficult to find in today's market. Buyer to verify all approvals, permits, development potential, zoning, utility availability and intended use with the City of Hayward. Development plans, feasibility studies and supporting documentation available upon request.

Facts & features

Location