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36800 Fremont Boulevard, Fremont, CA, USA

Price: $1,499,999 ($102/square feet)

Status: For Sale on March 2022

Status: In Contract on March 2022

Executive Summary

The Ivy Group is pleased to offer FOR SALE a vacant parcel located within the Transient Oriented District (TOD) area of Centerville in Fremont, CA.

The vacant parcel presents a unique, mixed use development opportunity to construct ground floor commercial and high density residential units near the Artist Walk.

The parcel is conveniently located near freeways, shopping centers, hospitals, schools, restaurants and public transportation nodes.

 

Offering Memorandum
Due Diligence

Highlights

  • Building Size

    N/A

  • Lot Size

    14,769 square feet (± 0.339 acres)

  • Year Built

    N/A

  • Zoning

    TC (T)

  • Use

    Mixed Use Development

  • Bart Station

    ± 3 miles to Fremont BART

  • Bus Stop

    Walking distance to major bus stops

  • APN

    501-1809-70

Location

The vacant parcel is located in the Centerville District of Fremont, CA near the intersection of Fremont Blvd and Thornton Ave.

The area is surrounded by numerous residential homes, restaurants, schools and convenient amenities. It has easy access to highway 84, 880 and the Dumbarton Bridge.

Per a recent San Jose Business Journal article by Katie Burke, dated August 30, 2021, she noted:

“Situated along the southeastern border of the San Francisco Bay, Fremont is a short drive from the world’s largest tech hub in Silicon Valley and the strengthening biotech market along the peninsula. It’s in the center of the region’s largest industrial market, a pocket of the real estate industry that has fared well throughout the current health and economic crises largely because of the rise in e-commerce and increasing tenant demand to build out distribution networks.

But the East Bay suburb’s appeal now extends far beyond its plethora of warehouse and distribution space. Fremont officials in recent years have ramped up efforts to attract corporate tenants in the biotech, advanced manufacturing and technology sectors, all of which are expected to generate significant dividends for the region in the short- and long-term future, said Marco Cugia, CoStar’s associate director of market analytics in San Francisco.

Social media giant Facebook now encompasses more than 1 million square feet of office space in Fremont, according to CoStar data. Electric car maker Tesla houses all its manufacturing operations and more than 10,000 employees in its Fremont factory at 45500 Fremont Blvd. The city is now home to more than 1,200 high-tech, life sciences and clean technology firms, according to Fremont’s Economic Development Department.”

Fremont, CA Demographics