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For Sale
$5,195,000
Est. $29,092/mo6940 Rich Avenue, Newark, CA 94560
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About this home
Large high-density residential development site in the heart of Old Town Newark. The zoning for the site allows residential development at densities between 30 dwelling units per acre and 100 dwelling units per acre. This property has the potential for 100+ apartment units if the developer uses state density bonus laws. The property is less than ten minutes drive to several major shopping centers. Costco, Safeway, Sprouts Farmers Market, Grocery Outlet, 99 Ranch, and Lion Market are all nearby. Additionally, there are dozens of restaurants, shops, and service businesses in the neighborhood. There are 15 parks and sports facilities in Newark, ranging from neighborhood parks all the way up to an indoor recreation and swimming facility. Newark is located on the San Francisco Bay and there are miles of trails along the Bay. The site is also a short drive from Coyote Hill Regional Park and several regional parks in the hills above Fremont.
Property Facts
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0
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Lot Size
40,291 sqft
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Days on Market
0
payments
HOA Fee
N/A
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MLS #
ML82057036
Interior Details
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Exterior & Lot
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Lot Features
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Mortgage Calculator
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Nearby Schools
| Rating | School Name | ||
|---|---|---|---|
| No school data available for this area. | |||
Market Insights
94560|Newark
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Estimated Value
Calculating...
trending_up0%vs. last year
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Market Temperature
Seller'sBalancedBuyer's
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Balanced market
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Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
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Flood & Climate Risk
Flood Risk
Minimal — not in a FEMA flood zone
Wildfire Risk
Moderate — near wildland-urban interface
Heat Risk
Low — moderate summer temperatures
Earthquake Risk
Southern California seismic zone
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Noise Levels
TrafficQuiet residential street
AirportMinimal airport noise
CommercialLow commercial activity nearby
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