Summary
Address: 1548 Annie Street, San Mateo County, CA 94014
Cross Street: 92nd Street
Area: Broadmoor
Property Type: Lots & Land
Property Style: Development Opportunity
Price: $3,600,000
Status: For Sale
Description
The property consists of three contiguous parcels of vacant land located to the southwest of Daly City’s Civic Center along the westerly side of the 1500 block of Annie Street and the adjacent westerly terminus of 92nd Street, and is currently in both unincorporated San Mateo County and in the City of Daly City’s Sullivan Corridor Specific Plan. Each of the parcels is occupied by long-term tenants on month-to-month leases with minimal or no site improvements.
The property is 1.36 Ac in size. Please see Property Statement for more information regarding the dimensions of the property.
The property is within the boundaries of the Sullivan Corridor Specific Plan and within the sphere of influence of the City of Daly City. The Plan designates the properties to Area 6 of the Plan, or the “Edgeworth / Washington Mixed Use” district, with a land use designation of C-R/R, or Commercial Retail & Residential. The Plan describes this area as transitional between commercial and residential areas, and allows for both commercial retail and residential use, but with a greater “sensitivity to scale”. The scale includes modest setbacks, pedestrian-oriented frontages, specific parking requirements, limited building heights, and a preference for low density housing, although medium-density or live/work residential uses are permissible with a conditional use permit. Please consult the Sullivan Corridor Specific Plan and the City of Daly City’s Planning Department for more information.
Preliminary estimates project upward of twenty single family home sites may be permissible on the property. Buyer is to perform their own inquiries, investigations and analysis as to the development or use of the property.
The property is currently in unincorporated San Mateo County. Seller is currently in the process of annexing the property into the City of Daly City. The process is expected to take approximately ninety days.
Features
Lot Size: 59,331 Sq.Ft. or 1.36 Ac, per Tax Records
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