7733 El Camino Real, Colma, CA
Land for Sale - $1,150,000 - 25,100 Sq. Ft. on 0.58 acres
Property Info
| CIMLS# | 132902 |
| Location 7733 El Camino Real Colma CA 94014 | |
| Updated | January 24th, 2013 |
| Type | Land |
| Price | $1,150,000 |
| Building | 25,100 Sq. Ft. |
| Land | 0.58 acres |
Property Description
Plans suggest potential for 15 residential units, 13 condos and 2 townhouses, over 3 - 4 retail or office spaces and parking, to be known as Colma Terraces.
The proposed mixed-use development for 7733 El Camino Real (aka 7733 Mission St) is located at a signalized intersection across the street from the Colma BART Station (3,632 average weekly exits). Additionally, a traffic study showed approx. 23,700 ADT of vehicular traffic through this section of El Camino Real.
This combination of proximity to an established public transit corridor and significant vehicular traffic creates an excellent opportunity for a mixed-use project with moderately dense housing and retail or commercial space. Year 2008 Average Household Income 1 Mile $94,828.
Plans (by Kotas Pantaleoni Architects) not yet approved. Refer to Town of Colma, Senior Planner, Catherine Barber, to review file and any questions.
Site has existing billboard tenants on month-to-month basis.
No warranties or guarantees of any kind. Mostly undeveloped land to be sold in "As Is" and "Where Is" condition. Buyer to perform all due diligence. Outside brokers welcome. All offers encouraged.
Nestled at the base of San Bruno Mountain, the Town of Colma, in San Mateo County, is a bedroom community suburb of San Francisco. Colma is supported by a strong tax base with two shopping centers. Major retailers include: Target, Home Depot, Kohls, Best Buy, Nordstrom. Colma also has one of Northern California's most complete collections of car dealerships. Recreational amenities include a nine hole public golf course. Colma is served by SamTrans bus, and BART commuter rail connecting Colma to the airport, San Francisco, Oakland, and the East Bay.
The Colma BART Station perimeter has emerged over the last decade as ground zero for Transit Oriented Development.
Trestle Glen: 119 units.
La Terrazza: 153 units.
El Camino Village: 30 units.
Colma Heights: 8 units.
7555 El Camino Real: 36 units (under construction).
Hillside Courtyard: 85 units.
Colma Ridge: 22 units.
San Pedro Commons: 74 units.
In addition, neighborhood streets have been upgraded with interlocking paving stones, new street lamps, and landscaping.
