593 W 2nd St 12.22 Acres of Residential Land Offered at $5,000,000 in Cloverdale, CA 95425
INVESTMENT HIGHLIGHTS
- Residential Zoning
- Easy Access to Highway 101
- Tentative Map for 45 Lots (Expired)
- Across the Street from City Park
EXECUTIVE SUMMARY
Tentative map for 45 lots (expired). Residential zoning for single family residential up to 4 units per acre. Public utilities to site. The property is just a few blocks from downtown Cloverdale easily accessible from Second Street, or when developed, will also be accessible from Foothill Blvd. Once developed residents will be connected with the "Bungalows" project to the west developed by Christopherson Homes in 2004-2005.
PROPERTY FACTS
| Price | $5,000,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 12.22 AC |
1 LOT AVAILABLE
Lot
| Price | $5,000,000 |
| Price Per AC | $409,165.30 |
| Lot Size | 12.22 AC |
DESCRIPTION
This site is located on the west side of Cloverdale Ave. just south of Second St. Foothill Blvd. terminates 1 parcel north of the site. A seasonal stream bisects the site and a public park is just north of the site. The property is just a few blocks from downtown Cloverdale easily accessible from Second Street, or when developed, will also be accessible from Foothill Blvd. Once developed residents will be connected with the “Bungalows” project to the west developed by Christopherson Homes in 2004-2005. A tentative map, now expired, was previously approved for 45 lots of an average lot size 6,850+/- sf. Lot sizes ranged between 6,850+/- sf and 6,000+/- sf, with several larger lots between 7,400 - 13,763+/- sf.
PROPERTY TAXES
| Parcel Number | 116-110-048 | Improvements Assessment | $0 |
| Land Assessment | $86,729 | Total Assessment | $86,729 |
ZONING
| Zoning Code | R-1 (Residential zoning) |
