Land for development in rising market. New home sales approaching $1.5MM. Transit oriented development site. Walk to Colma BART Station across street. Rarely available suburban infill location on The Peninsula. Town of Colma appears to be encouraging 15 residential units, 13 market rate and 2 BMR. Site is/was zoned commercial and appears to support mixed use or live/work. Previous buyer had plans for 13 market rate townhouse units. Plans not completed. Public file available for view at Town of Colma planning department. Refer questions to senior planner. Buyer to perform all due diligence. Billboard tenant on short term basis. House on corner is separate property and not included. Nearby developments include: Trestle Glen: 119 units. La Terrazza: 153 units. El Camino Village: 30 units. Colma Heights: 8 units. 7555 El Camino Real: 36 units. Hillside Courtyard: 85 units. Colma Ridge: 22 units. San Pedro Commons: 74 units. La Scala: 32 units. La Villa Monaco: 9 units.
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Listing Courtesy ofCommercial Industrial Property