Multi-Family Development Site For Sale

Multi-Family | For Sale | $8,500,000 | 1 sqft

The current Avalon Motel site offers a developer the opportunity to build a 145 unit Multi-Family Residential Complex. The property is also eligible for CHFA tax credits if a developer chooses to build low income housing. The property is zoned R-4 by the City of San Mateo. Permitted uses within this district include residential development and small-scaled attendant retail. Office and industrial development is prohibited in this zoning district. This site has good visibility and access with a normal depth to frontage ratio.

San Mateo provides a link with San Francisco to the north, San Jose to the south, and the East Bay to the east. San Mateo' s proximity to San Francisco Airport provides convenient air transportation. The City' s growth is carefully planned by the elected officials and the many citizen volunteers who serve on the advisory boards and commissions. San Mateo has a dedicated work force which is known for its professionalism, contemporary organizational style and responsiveness. San Mateo offers a full range of city services as well as many excellent public facilities. These include park and recreation programs, excellent library system, the San Mateo County Expo Center and the College of San Mateo.

Photos: