78 Springs Rd - Commercial LAND FOR SALE


Vallejo, CA 94590- East Vallejo53,143 SF
$350,000 USD
510-815-2000
78 Springs Rd, Vallejo, CA for Sale
$350,000 USD
Commercial LAND - FOR SALE
1/15
53,143 SF

78 Springs Rd
Vallejo, CA 94590
East Vallejo


HIGHLIGHTS

  • Reduced Risk Near Approved Status - Owner has completed nearly all architectural plans needed for approval rom City of Vallejo.
  • Seller Financing Available - With substantial down payment and approved credit
  • Tight Housing Supply - Short supply of housing across the North Bay, positions the completed project well for strong lease-up and long-term returns.
  • AB 1286 Bonus Density Potential - Potential for up to 73 units using California’s AB 1286 Bonus Density, though economics requirements may temper max.

OVERVIEW

Seller financing considered! Davide F. Pio of BCRE is proud to present the land development opportunity at 78 Springs Rd in Vallejo, CA for sale. With architectural drawings completed and entitlements for a 30-unit apartment nearly in hand, the project presents an excellent opportunity for a developer to bypass a significant portion of the soft costs and time typically associated with the high barrier to entry that exists throughout the San Francisco Bay Area. The ±1.22 acre site is has completed drawings for 30 apartment units comprising of 18 (1 Bedroom) and 12 (2 Bedrooms) with 41 parking spaces. Expected to be CEQA exempt and with an estimated six (6) month approval process to complete approved status w the City of Vallejo before moving to MEP (Mechanical, Electrical, and Plumbing) drawings. California’s AB 1286 further allows developers up to 100% bonus density, offering flexibility to proceed with the project as drawn or pursue additional units for a potentially higher-yielding outcome. Buyer to confirm all density bonus eligibility and allowable uses with the City of Vallejo. Situated in an established retail corridor, the property benefits from immediate proximity to shopping, services, and daily conveniences — a natural draw for prospective renters. Highway 80 access nearby connects the site to the broader Bay Area, including Richmond, Berkeley, Oakland, and San Francisco.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/ACRE

$286,885/AC

PRICE/SF

$7 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Core 30 Unit w Nearly Complete Entitlements

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Multi-Family

LAND ACRES

1.22 AC

LAND SF

53,143 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

NMX

APN/PARCEL ID

0071-061-540

ASK ABOUT THIS PROPERTY

510-815-2000

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510-815-2000

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