1251 W Tennyson Rd Unit #1, Hayward, CA 94544

Property Description

Rare Hayward infill development opportunity along the dynamic W. Tennyson Road corridor. This approximately 0.62-acre / 26,865 SF site offers a compelling opportunity for a residential developer to explore multifamily, mixed-income, affordable, senior or supportive housing in one of the East Bay’s established and evolving communities. Hayward continues to prioritize new housing production, and qualifying projects may benefit from California and City of Hayward density-bonus provisions, development incentives, concessions and potential waivers that can significantly enhance development potential. Preliminary analysis suggests a conventional density scenario could support approximately 17 units before considering potential density bonuses, while qualifying affordable-housing strategies may create opportunities for additional units and greater density. Preliminary discussions have also contemplated development up to approximately 40 feet / four stories, subject to City review and all applicable development standards. The irregularly shaped site offers prominent W. Tennyson Road frontage together with rear access to Encina Street, creating an interesting canvas for creative site planning and circulation. The location provides convenient access to major East Bay transportation corridors, BART, employment centers, neighborhood services and the broader Bay Area. With housing affordability remaining one of the region’s most pressing needs, this site presents an opportunity to participate in Hayward’s continued growth while potentially delivering much-needed new housing. Affordable and mixed-income developers may find particular value in exploring available density bonuses and housing-development incentives. Existing improvements are vacant, substantially gutted and fire-damaged, and the property is being marketed primarily for its land and redevelopment potential. All unit counts, density scenarios, building heights, uses and development concepts are preliminary and subject to independent buyer investigation and approval by the City of Hayward and other applicable agencies. Buyer to verify zoning, density, incentives, utilities, access, parking, environmental conditions and all development feasibility.