Newark, CA 94560
$3,140,000
Bed
0
Bath
0
Living Space
N/A SqFt
Year Built
N/A
Lot Size
0.48 Acres
Days
322
This sale includes 6417 & 6433 Thornton Ave in Newarks Old Town Specific Plan area, offering 21,000 SF of land ready for high-impact development. Together, the parcels can support 100+ residential units under Californias Density Bonus Law and qualify for streamlined city approvals. The site is also eligible for $20M+ in state and local housing grants and low-interest financing for affordable or mixed-income projects. Next door, a 59-unit affordable housing development is underway, funded by a $12M city grant, showcasing Newarks strong commitment to housing growth. Investors and developers are encouraged to take advantage of this rare opportunity to deliver a transformative project in one of the Bay Areas most supportive housing markets. Seller Financing Available, Up to 50% at 7.5% (5-Year Term) Flexible capital structure ideal for developers and value-add buyers. Seller Financing Highlights: Seller will finance up to 50% of purchase price 7.5% interest, fixed 5-year term with balloon payment Fast closing no bank approval needed Ideal for entitlement phase, early-stage development, or land banking
Listing provided courtesy ofAdan Alva License 02158312 Stark Complete Real Estate Services, Tiffany Meng License 02128961 SALA Homes Realty & Development
Data provided by MLSListings Inc.
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- August Schilling Elementary School (Elementary) - GreatSchools rating 7/10 - Newark Junior High School (Middle) - GreatSchools rating 6/10 - Newark Memorial High School (High) - GreatSchools rating 6/10 School District: Newark Unified School District
Within a 1-2 mile radius of 6417/6433 Thornton Avenue, several parks offer recreational opportunities. These include Civic Center Park, which features play structures and a basketball court, and Mayhews Landing Park, also equipped with play structures and a basketball court. Jerry Raber Ash Street Park is another nearby option, offering play structures, softball fields, and a basketball court.
The property is located in the FOXWOOD subdivision of Newark, CA. This area is characterized by a mix of residential and commercial development, with several local businesses and dining options nearby. The Thornton Shopping Center, also known as Newark Square, is a retail hub featuring a supermarket, various eateries, and service providers. Newark is known for its community events and a supportive environment for housing growth.
The area around 6417/6433 Thornton Avenue has a Walk Score of 76 out of 100, indicating it is "Very Walkable," meaning most errands can be accomplished on foot. Public transportation options include AC Transit bus routes, with nearby stops for routes such as the 200, 620, and 629. While Newark does not have its own BART station, residents can access nearby stations in Fremont or Union City for regional rail service. Transit Score is not explicitly listed.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- August Schilling Elementary School (Elementary) - GreatSchools rating 7/10 - Newark Junior High School (Middle) - GreatSchools rating 6/10 - Newark Memorial High School (High) - GreatSchools rating 6/10 School District: Newark Unified School District
Within a 1-2 mile radius of 6417/6433 Thornton Avenue, several parks offer recreational opportunities. These include Civic Center Park, which features play structures and a basketball court, and Mayhews Landing Park, also equipped with play structures and a basketball court. Jerry Raber Ash Street Park is another nearby option, offering play structures, softball fields, and a basketball court.
The property is located in the FOXWOOD subdivision of Newark, CA. This area is characterized by a mix of residential and commercial development, with several local businesses and dining options nearby. The Thornton Shopping Center, also known as Newark Square, is a retail hub featuring a supermarket, various eateries, and service providers. Newark is known for its community events and a supportive environment for housing growth.
The area around 6417/6433 Thornton Avenue has a Walk Score of 76 out of 100, indicating it is "Very Walkable," meaning most errands can be accomplished on foot. Public transportation options include AC Transit bus routes, with nearby stops for routes such as the 200, 620, and 629. While Newark does not have its own BART station, residents can access nearby stations in Fremont or Union City for regional rail service. Transit Score is not explicitly listed.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.