5 Acres in Approved Master Planned Development — Sale in Fairfield, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Fairfield, CA 94533

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Description

.F I V E A C R E S of D E V E L O P A B L E L A N D APPROVED TRANSIT ORIENTED MASTER PLANNED UNIT DEVELOPMENT 4920 Samo Lane, Fairfield, California 94533 / APN 0174-010-090 OVERVIEW The subject property is an unimproved five-acre parcel of land located within the permitted, master-planned unit development known as the Train Station Specific Plan (“TSSP”) / Planning Area 3 in Fairfield, California. The overall size of Planning Area 3 is approximately 69 acres, and it is located immediately south of the new Fairfield-Vacaville Train Station. Notably, it is the only planning area that will provide a direct connection to the station. Planning Area 3 (“PA3”) contains all or parts of fifteen separate parcels owned by six separate landowners. The TSSP Planning Area 3 has been allocated into three residential density zones: Minimum Target Maximum Target Units / Acre Units / Acre Low-Density Residential (LR) 4 7 Medium Density Residential (MR) 10 14 High-Density Residential (HR) 20 28 The subject property is zoned for Medium Density Residential (MR) zoning within the TSSP. For the five acres of the subject site, the minimum target for the number of units to be constructed on the property is 50, a midrange of 70 units, with site currently allocated for 90 two-story condominium units, or 17.9 units per acre. The new Fairfield/Vacaville Train Station (FVTS), was renamed as the Fairfield-Vacaville Hannigan (FFV). Thirty years before the first passenger stepped foot on a train at the corner of Peabody and Vanden Roads in Fairfield, lifelong public servant Tom Hannigan knew rail service connecting communities in Northern California would one day be a reality. In recognition of Hannigan’s forethought and championing the creation of the Amtrak-operated Capitol Corridor route, the newest stop along the corridor in Fairfield was renamed the “Fairfield-Vacaville Hannigan Station,” and the north/south street at the station will be renamed “Tom Hannigan Way.” The Fairfield-

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