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0 Thornton Avenue, Newark, CA 94560
Priced at Only: $3,480,000
For more Information Call Mobile: 714.478.6676
Address: 0 Thornton Avenue, Newark, CA 94560
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  • MLS#: ML82024594 ( )
  • Street Address: 0 Thornton Avenue
  • Viewed: 6
  • Price: $3,480,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 78
  • Additional Information
  • County: ALAMEDA
  • City: Newark
  • Zipcode: 94560
  • Provided by: Keller Williams Thrive
  • Contact: Adan Adan
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    This sale includes 6417 & 6433 Thornton Ave in Newarks Old Town Specific Plan area, offering 21,000 SF of land ready for high impact development. Together, the parcels can support 100+ residential units under Californias Density Bonus Law and qualify for streamlined city approvals. The site is also eligible for $20M+ in state and local housing grants and low interest financing for affordable or mixed income projects. Next door, a 59 unit affordable housing development is underway, funded by a $12M city grant, showcasing Newarks strong commitment to housing growth. Investors and developers are encouraged to take advantage of this rare opportunity to deliver a transformative project in one of the Bay Areas most supportive housing markets. Seller Financing Available, Up to 50% at 7.5% (5 Year Term) Flexible capital structure ideal for developers and value add buyers. Seller Financing Highlights: Seller will finance up to 50% of purchase price 7.5% interest, fixed 5 year term with balloon payment Fast closing no bank approval needed Ideal for entitlement phase, early stage development, or land banking
Features
Current Use
  1. Residential
Fencing
  1. Wood
Lot Features
  1. Level
Parcel Number
  1. 092A091902102
Sewer
  1. Public Sewer
Water Source
  1. Public
Zoning
  1. RD-H
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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