1798 Blossom Ave - Residential LAND FOR SALE


Fairfield, CA 94533 211,266 SF
$1,999,800 USD
510-689-9642
1798 Blossom Ave, Fairfield, CA for Sale
$1,999,800 USD
Residential LAND - FOR SALE
1/7
211,266 SF

1798 Blossom Ave
Fairfield, CA 94533


HIGHLIGHTS

  • Entitled-Ready Multifamily Development Site
  • Direct access to I-80 & I-680
  • Flat, Rectangular 4.85 AC Lot

OVERVIEW

Offer Due Date 6/23, Offers presented to seller 6/25. See Addendums that must be added w VLPA. 4.85 acres of Residential High Density (RH).15–22 units per acre, Potential 73–107 units. Infill development opportunities. Near Fairfield Transportation corridor, Minutes to Travis AFB, High Basic Allowance Housing in the military market. Workforce and military-family housing potential, Strong rental demand for VA loan-friendly entry-level homes. One of the few entitled-density opportunities in a market where Fairfield's planning efforts are increasingly focused on infill development. Entitled and zoned for 17-22 units per acre. Total useable acres 3.94. Ignore .74 wetland acres & separate them from buildable units. The last buyer got approval for 134 units with a grace from the city. SEE ATTACH Phase 1, Conclusions, Opinions and Recommendations, Mr. Vakili has performed a Phase I Environmental Site Assessment in conformance with the scope and limitations of ASTM Practice E1527-13 of the Subject Property. SEE ATTACH TSD Engineering said, "Looking at maximizing the multi-family building footprint is a 3-story walk-up garden style apartment. Summary: QL 1 - 96 Units, 184 parking spaces (190 required) or get creative with the clubhouse location. QL 2 - 84 units, 184 parking space (166 required) has a traditional club house and pool. Or you need to go vertical." See attach, CONCEPTUAL SITE PLAN - ALT. 1 Based on the data obtained during the site visit, the environmental database and historical documents review, and information provided by the site tenant; this assessment has revealed no evidence of recognized environmental conditions warranting further action in connection with the Subject Property. This Report complies with the ASTM Standard 1527-13. No additional services beyond the scope of the ASTM Standard 1527-13 were conducted as part of this Report. This is to certify that based on the assessment of the Subject Property, review of all regulatory agencies’ files, interview of the responsible party and a visual site inspection; we hereby recommend no further action at the Subject Property. Fairfield is home to the Travis Air Force Base and the headquarters of Jelly Belly, as well as a major bottling facility of the massive Anheuser-Busch beer conglomerate. Travis Air Force Base includes over 7,300 active USAF military personnel, 4,250 Air Force Reserves, and 3,800 civilians. Travis AFB has a major impact on the community as a number of military families and retirees have chosen to make Fairfield their permanent home. It is the largest employer in the city and Solano County as well, and the massive Travis workforce has a local economic impact of more than $1 billion annually. The base also contributes many highly skilled people to the local labor pool. Fairfield Planning Commission Resolutions 2000-2009 2002 PC Resolution 2002-22 Link, \Planning Commission\Resolutions\2000-2009\2002\PC Resolution 2002-22 http://onedrive.live.com/?photosData=%2Fshare%2FD5FA0BDBBAC47078%21s0967ed94de504c419a3668cf2157e841%3Fithint%3Dvideo%26migratedtospo%3Dtrue&cid=D5FA0BDBBAC47078&redeem=aHR0cHM6Ly8xZHJ2Lm1zL3YvYy9kNWZhMGJkYmJhYzQ3MDc4L0lRQ1U3V2NKVU41QlRKbzJhTThoVi1oQkFkdGlYQzdBZmFXTGhJdVpPN2pOT0VB&view=8mes.

FOR SALE DETAILS

PRICE

$1,999,800 USD

PRICE/ACRE

$412,330/AC

PRICE/SF

$9 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

High Density Residential Land

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo, Apartment Units - Senior

LAND ACRES

4.85 AC

LAND SF

211,266 SF

OFFSITE IMPROVEMENTS

-

ZONING

RH

APN/PARCEL ID

0037-070-030

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James JessieGet True MarketMore Info
510-689-9642

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James JessieGet True MarketMore Info
510-689-9642

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