Description

Located at a prime location of Silicon Valley, less than 2 miles away from Apple's headquarters. This offering is absolutely a rare and unique opportunity to place capital in one of the highest sought-after locations in the United States! The project proposes the development of a 4-story Hampton by Hilton hotel with 89 guest rooms and one level of underground parking. The project is fully entitled by the city. The site is now been in readiness for the new construction. Interested parties may also seek non-hotel development opportunities. The current zoning of this site allows a mixed use development, and the building height can go up to 120 feet. - Seller has paid over $2M for design and drawings, demolition and clearance etc. - Project is currently at the final stage of Building Permit issuance - Site has been demolished. Clearance certificates have been obtained from all government authorities - Franchise Agreement with Hilton has been signed and fees have been paid - Site is zoned for mixed use development as well - Top-ranked school district, Lynbrook High School