A huge price reduction! Prime 40 Unit Development Opportunity in the Heart of Albanys Business District. This is a rare and highly desirable opportunity to develop a 40 unit residential project in the vibrant San Pablo Avenue corridor, Albanys premier commercial district. The property is ideally positioned near a dynamic mix of national retailers, thriving small businesses, and high traffic corporate tenants. Proposed plans call for a six story, 40 unit. 50% 1BR/1BA, 50% 2BR/1BA with 2BR/2BA units. SPC zoning district, which has no maximum residential density limit. Unbeatable Location. Just a 5 minute walk to Sprouts Farmers Market, and a 4 minute walk to El Cerrito Plaza, El Cerrito Plaza BART Station. Minutes to Ranch 99 Market. Solano Ave's bustling commercial strip and the merging Gilman District. Easy access to 1 80 and I 580. Short drive to Berkeley, Emeryville, Oakland, and San Francisco. This is a unique chance to invest in one of the East Bay's most sought after neighborhoods. A top ranked public school system. Offering long term growth potential in a transit rich, community oriented location. Subject to final approval of the City of Albany.