ActiveLand · sale

Thornton Avenue

Newark, CA 94560

$3,140,000

  • 0.48 acres

Listed by Stark Complete Real Estate Services · MLS #ML82024594

A FEW THINGS TO NOTICE

What stands out.

Property size

0.48 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

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This sale includes 6417 6433 Thornton Ave in Newarks Old Town Specific Plan area offering 21000 SF of land ready for highimpact 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 lowinterest financing for affordable or mixedincome projects Next door a 59unit 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 75 5Year Term Flexible capital structure ideal for developers and valueadd buyers Seller Financing Highlights Seller will finance up to 50 of purchase price 75 interest fixed 5year term with balloon payment Fast closing no bank approval needed Ideal for entitlement phase earlystage development or land banking

THE NEIGHBORHOOD

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Thornton Avenue, Newark, CA 94560

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THE DETAILS

The details, all in one place.

Property type
Land
Category
Land
Fencing
Wood
Zoning
RD-H
Parcel
092A091902102

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

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Thornton Avenue, Newark, CA 94560 · MLS #ML82024594

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Listing information

MLS #ML82024594 · California Regional MLS

Listing brokerage: Stark Complete Real Estate Services
Listing agent: Adan Alva

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.