7,668 Square Foot Vacant Lot
Downtown Hayward
The LL CRE Group helped our client sell this vacant lot in Downtown Hayward, an East Bay submarket that has experienced an explosion of new development. The property was previously two commercial buildings until a fire razed both structures, leaving this prime corner empty. Our client hired us to work with the city to maximize the asset’s development potential and to sell the lots.
Our team was able to obtain requisite Phase 1 and Phase 2 environmental reports and liaise with the city to issue a variance to allow the site to be developed up to 7 stories. As a result of our efforts, we were able to sell the lot to a buyer in an all-cash transaction.
Sale Price
$1,313,000
Property Details
Vacant contiguous lots located on a prime corner of Downtown Hayward
Opportunity zone – special tax incentives to improve the property
LL CRE worked with the city of Hayward to obtain a height variance
Sold to a developer in an all-cash transaction for $1,313,000