San Francisco Bay Area Development Site, Pacific West Region

Property Description

San Francisco Bay Area Development Site

Located in a Opportunity Zone

35+ acres.

Prime Water Front Site.

Mixed-Use Development Opportunity with Freeway and Deep Water Access

The property is vacant and nearly level.

OPPORTUNITY ZONE DESIGNATION
The City of Valljo has expressed a serious interest in a large hotel or casino to be built on the property.

The inclusion of this property in the new “Opportunity Zone Designation” offer the developer the potential forgiveness of capital gains tax on the project.

Opportunity Zones (OZs) are part of the development program established by the Tax Cuts and Jobs Act of 2017 designed to spur economy in eligible low-income rural and urban communities.

Each OZ is a selected census tract that has high need and potential for revitalization.

The program incentivizes reinvestment in distressed communities by providing three major tax benefits:

• Partial Elimination of Taxes on Previously Earned Capital Gains

• Tax Deferral on Previously Earned Capital Gains

• Permanent Exclusion of Taxable Income on New Gains

Owner will consider taking land in as a trade-in and they need to sell the property at closing to consummate the deal.

Owner is looking for qualified buyers to purchase the land and they are willing to accept a significant discount for an all cash offer.

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Land For Sale

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The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.