MLS® ID: 40844920
6501 Fairmount Avenue
EL CERRITO, California, 94530 $3,500,000
6501 Fairmount Ave is a ±11,600 SF lot with a ±1,032 SF commercial structure located in Downtown El Cerrito. The property is situated at the corner of Fairmount Ave and Lexington Ave and is directly across the street from El Cerrito Plaza and just steps from the El Cerrito Plaza BART station. The property has been designated as a Walker’s paradise by WalkScore.com (92 Walk Score) and is perfectly positioned for redevelopment. The site is located in the Transit-Oriented Higher-Intensity Mixed Use (TOHIMU) zoning district and is subject to the rules, regulations and development standards of the San Pablo Avenue Specific Plan. The current development standards allow for 60 market rate apartment units and up to 81 apartment units should a developer take advantage of the California affordable housing density bonus*.