Land in Hayward

$7,500,000

21659 Mission, 94541, Hayward, CA

Land for sale in Hayward, 21659 Mission, 94541

21659 Mission, 94541, Hayward, CA

$7,500,000

Type: Land

Description

Rare development opportunity in the heart of Hayward's Mission Boulevard corridor. This 1.11-acre vacant land parcel comes with architectural plans already submitted to the City of Hayward for a dual-product residential development an exceptional head start for any developer or investor looking to move efficiently through the entitlement process in one of the Bay Area's most active housing markets. The submitted plans propose a total of 45 residential units across two distinct programs: 27 townhomes/condominiums on one portion of the site, and 18 apartment units on the other. This split-parcel strategy allows the developer to pursue both a for-sale exit on the townhomes and a stabilized rental income play on the apartments either as a hold or a cap-rate sale. Situated on Mission Blvd with strong visibility and access, the site benefits from proximity to the Hayward BART Station (~1 mile), I-880 (~0.5 mile), Highway 92, Downtown Hayward, and CSU East Bay. Bay Area rental vacancy remains below 4% and demand for for-sale product in the sub-$1M range continues to outpace supply, making this corridor a compelling target for infill residential development.

Location

21659 Mission, 94541, Hayward, CA

Data

Object TypeLand
Purchase Price$7,500,000
Living Space0 m²
Plot Size4478.57 m²
BathroomsN/A
Construction YearN/A
ConditionNot specified
RoomsN/A

Energy Information

No energy information available

Contact Agent

Listing Agent