$199,000
Prime infill opportunity in a high-demand, central location - lot with plans already approved, saving significant time and soft costs. The approved layout features four well-designed, 2BD + 2BA units totaling approximately 3,978 sq ft. Units 1 and 3 are 981 sq ft, while Units 2 and 4 are 1,008 sq ft, each with private outdoor space including a deck or patio, creating strong long-term rental appeal. Utilities are believed to be on site, including sewer and water, as the property previously had an apartment building. PG&E service is available overhead. No waiting on entitlements - move forward with confidence knowing the project is already approved. Exceptional walkability: Midtown's Miracle Mile corridor is a pedestrian-friendly district with shopping, dining, entertainment, and strong neighborhood appeal. The area is a proven rental performer with strong demand and low vacancy. Additional upside: the location qualifies for city incentives for a reduction in permit fees, with estimated savings exceeding $58,000. A rare chance to build new units in a sought-after corridor while saving substantial time and money thanks to approved plans, fee incentives and utility access. Opportunities like this don't come around often, step into a project that's already in motion and bring it across the finish line. Buyer to verify all development standards, approved plans, fees/incentives, utility locations/capacities, and any program eligibility with the City of Stockton.
226049282
MLS
133 W Magnolia Street, Stockton
Listing courtesy of eXp Realty of Northern California, Inc..
