Perfect opportunity for serious, experienced developer/buyer who wants low investment opportunity with large upside in return for procuring easement access through Water Department land. Opportunity to develop 1.7 acres of hillside land w/ expansive views, previously approved for 78 Single family residences with an approved conditional use authorization (1972) and Environmental Impact Report. Attractive price is reflective of parcel being located adjacent to PUC (SF Water Dept) land and other residential developments requiring an easement through the existing gated pathway or adjacent HOAs. No utilities currently connected or any physical improvements made to date, however, residential developments (apartments and single family residences) are adjacent to parcel both utilizing public utilities. Seller was the holder of the note from original buyer and is selling the property as-is. Non-finance conditioned offers only. Property was previously appraised for $9 million +/- with an assumption that easement and-or/access was in place.
