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Sold Date6/10/2021
Closed

28824 Mission BoulevardHayward, California CA94544

Listing IDML81834107

1.295 Acres

$1,390,000

Prime Development Opportunity to build up to 100+ units in the heart of Hayward! Excellent central location with huge upside potential for high-density residential units (T5 Zoning). There are beautiful units across the street and you are also in the Transit overlay zone which makes this project more appealing. You Buyers are advised to verify all info, conduct own due-diligence, and explore all the development possibilities with City of Hayward. Tremendous Development potential T5 Zoning. Property is nicely situated up on the hills of Mission Blvd, and a short drive away from Cal State University- East Bay. Economic indicators point to a strong economy in the East Bay as the region continues to outpace other portions of the country. The East Bays multifamily market is expected to remain strong for some time to come, being driven by the regions expanding economy and the upward pressure on rents from San Francisco, San Mateo, and Santa Clara Counties.
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