Multi Unit Housing Development Opportunity. Transit Oriented Zoning allows over 100 units on property with density bonuses for affordable housing. Property is zoned TV-R 25/40 with a 5 story height limit. Light industrial rezoned in 2006 in preparation for Smart Train Service. Walking distance to the Downtown Smart Train Station. Property has EPA grant for Environmental assessments (currently underway). Environmental Phase I report and pre-demolition hazmat testing are complete and on file. Environmental Phase II (soil testing) is scheduled for January 2020. Property is in the Rail Road Sq. district and eligible for the Santa Rosa Downtown and Rail Road Sq. Developers Incentive Program. Property is in Federal Opportunity Zone for capital gains deferment. Also eligible for state subsidies for affordable housing and LIHTC (Low Income Housing Tax Credits). Across the street from new Village Station Homes development.
Lots and Land
Courtesy of Clifford Whigham, Coldwell Banker Residential Brokerage
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This content last updated on 2/19/2020 6:20 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Home Value History for 1 Sebastopol Road Santa Rosa, CA 95407