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Description

Excellent visibility and access from I-84, located right at the N 10th Ave freeway interchange in Caldwell. Four lots with an engineered site plan for a proposed 6-site residential development. Includes: 713, 715, 717, 719, 721, 723 E. Galveston St. Current plans include two existing tenant-owned mobile homes generating lot rent, plus two additional mobile-home sites and two proposed tiny-home sites. Proposed stabilized gross rental income is approximately $82,800/year when fully developed and occupied. Strong opportunity for a builder, investor or developer to complete the existing concept or explore alternative residential or commercial redevelopment possibilities, including potential townhomes, subject to zoning, feasibility and City approval. Ideal opportunity for development with freeway exposure, existing income and multiple potential paths for future use.