585 Old Canyon Rd, Fremont, CA 94536
- $6,790,000
Listed by Todd Carter, (925) 914-5844 from RE/MAX Accord
(If provided) CoList: from
- List Price
- $6,790,000
- MLS#
- BE41135884
- Status
- ACTIVE
- Lot Size
- 68,824
- Listing Area
- Fremont
- Year Built
- 1938
Property Description
An exceptional opportunity awaits at 559 & 585 Old Canyon Road in the highly sought-after Niles district of Fremont. Offered together, these two parcels combine for approximately 1.58 acres of prime infill land zoned R-6, presenting tremendous upside potential for developers, investors, and builders seeking a rare large-scale residential redevelopment opportunity in one of the Bay Area's most desirable submarkets. Currently situated on 559 Old Canyon Road are 15 occupied apartment units generating an impressive net operating income of approximately $271,000 annually, providing immediate cash flow while plans and entitlements are pursued. The combination of strong in-place income and valuable development potential creates a unique opportunity rarely found in today's market. Positioned near the historic and charming Niles district, the property benefits from close proximity to vibrant downtown shops, dining, entertainment, parks, and commuter routes. Niles is widely recognized for its rich history, small-town character, scenic surroundings, and strong community appeal, making this location especially attractive for future residential development. With R-6 zoning, substantial lot size, and an outstanding Fremont location, this offering provides developers the chance to capitalize
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Additional Information
- Acres
- 1.58
- Amenities
- Other
- Cooling System
- Window / Wall Unit
- Exterior Features
- Other, Siding - Wood
- Floor Covering
- Carpet - Wall to Wall
- Garage Parking
- Attached Garage, Guest / Visitor Parking, Off-Site Parking, Parking Area
- Heating System
- Wall Furnace
- Lot Description
- Grade - Level, Other
- Lot Size
- 68,824
- Neighborhood
- Fremont
- Numberof Units
- 16
- Roof
- Composition
- Unincorporated Yn
- Yes
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