About This Home
This 0-bedroom, 0-bathroom commercial at 585 Old Canyon Rd in Fremont, CA is listed for $4,099,000 ($587 per sqft). Built in 1938, the home offers 6,985 sqft of living space on a 0.86 acres lot.
Key Features
- Built in 1938
- 0.86 acre lot
Property Details
Amenities
An exceptional opportunity awaits at 559 Old Canyon Road in the highly sought-after Niles district of Fremont. 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 on the continued demand for housing in the East Bay. Whether envisioned as a townhome community, apartment redevelopment, or a thoughtfully designed residential project, 559 & 585 Old Canyon Road represent a truly rare investment and development opportunity in the heart of Fremont.
Monthly Cost Estimate
$21,922/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
585 Old Canyon Rd
Fremont, CA 94536
Niles Area
Property Details
Flooring
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 585 Old Canyon Rd is listed at $4,099,000 ($587/sqft). The estimated monthly payment is $21,923 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1938, 0.86 acre lot.
This property is listed by Todd Carter and can be reached at 9259145844.