$399,000

Mixed-use development opportunity in Diamond Springs. Existing 4,000 SF commercial building divided into four units, currently vacant and ready for repositioning. Zoning supports mixed-use use. Proposed plan adds two additional floors with 16 new one-bedroom/one-bathroom apartments (approximately 500 SF each), bringing total building size to approximately 12,000 SF while retaining the required commercial component. Project is SB 35 Streamlined Eligible. New SB 35 and TIF applications are due by July 15, 2026. Potential for 75% TIF waiver if approved. Preliminary approvals in place based on zoning and General Plan. Buyer to verify all entitlements, density bonus eligibility, SB 35/TIF eligibility, unit count, costs, timelines, and plan details through independent due diligence. All information is illustrative only.