Filbert St - Residential LAND FOR SALE


Newark, CA 94560 40,075 SF
$5,500,000 USD
415-763-7814
Filbert St, Newark, CA for Sale
$5,500,000 USD
Residential LAND - FOR SALE
1/5
40,075 SF

Filbert St
Newark, CA 94560


HIGHLIGHTS

  • Strategic Location: Located on Filbert Street, Newark, CA, offering easy access to the Dumbarton Bridge, Silicon Valley, and San Francisco Peninsula.
  • Proximity to Tech Giants: Close to major employers like Meta (Facebook HQ), Amazon, Logitech, and Lucid Motors, ensuring high demand.
  • Luxury Townhomes: Each of the 16 units offers 2,250 sq. ft. of modern living space, featuring 4 bedrooms and 3.5 bathrooms.
  • Strong Market Potential: Projected unit prices ranging from $1.5M to $1.7M.
  • High Revenue Opportunity: Total projected revenue is estimated at $26M, offering substantial returns for investors.
  • Rising Market Demand: Newark’s growing economy and proximity to Silicon Valley create a strong demand for high-quality housing in this area.

OVERVIEW

Filbert Villas is a premium investment opportunity featuring 16 luxury townhome-style condominiums located on a 0.92-acre parcel on Filbert Street in Newark, California. This permit-ready, shovel-ready project offers expedited timelines, making it an ideal choice for developers and investors. Each three-story unit spans approximately 2,250 sq. ft. and includes 4 bedrooms and 3.5 bathrooms, designed to meet the demands of modern families and professionals. Situated near the Dumbarton Bridge, the property provides seamless connectivity to Silicon Valley and the San Francisco Peninsula and is located close to major employers such as Meta (Facebook HQ), Amazon, Logitech, and Lucid Motors. The surrounding real estate market is strong, with comparable properties selling for $1.5m to $1.7m, projecting average unit prices around $1.6M. The total project revenue is estimated at $26M, offering substantial returns. Newark’s thriving economy and rising property values create high demand for spacious, modern housing, further enhancing this investment's appeal. With all necessary approvals secured, Filbert Villas represents a turnkey opportunity in a growth-oriented market.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/ACRE

$5,978,291/AC

PRICE/SF

$137 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

FIlbert Villas 16 Townhome / Condo

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units - Condo, Single Family Development

LAND ACRES

0.92 AC

LAND SF

40,075 SF

OFFSITE IMPROVEMENTS

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

ZONING

CG, Newark

APN/PARCEL ID

092-0131-001-09

ASK ABOUT THIS PROPERTY

Neeli KhannaNeeli Khanna Real EstateMore Info
415-763-7814

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Neeli KhannaNeeli Khanna Real EstateMore Info
415-763-7814

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.