TULSA, OK--(Marketwired - Jan 2, 2014) - Williams & Williams (www.williamsauction.com), the premier brand in real estate auctions, today announced it will auction 9.36+/- acres of prime development land in Los Altos, California on behalf of a private seller. The property, situated within 10 miles of major local employers including Google, Apple, Yahoo!, LinkedIn and Lockheed Martin, presents a rare opportunity to purchase land zoned for residential or special use development in a desirable Silicon Valley bedroom community. The live, global on-site and online auction will take place on Wednesday, January 15th at 4pm PST.
"The location and size of this land parcel makes it especially attractive," said Fontana Fitzwilson, Williams & Williams' EVP, Sales. "It presents a hard to find redevelopment opportunity for a private buyer to build a single estate or for a real estate developer interested in building a small, private enclave of single-family residences."
Located at 2100 Woods Lane, the land is nestled in an established neighborhood between Foothill Expressway and I-280. Special use permits allow for school or church operations, and three existing structures are currently occupied by a preschool tenant.
The land is comprised of two tax parcels: 1.48+/- acres on the southern end and 7.88+/- acres to the north. Most of the property is open, treed terrain. The entrance to the property includes a tree-lined drive through the property to the improvements at the southern end. Landscaping is well maintained with abundant native trees along the winding drive.
The zoning (R1-10 Single-Family district) allows a maximum density of three dwellings per acre although the irregular shape of the property may not accommodate the max capacity. The property contains three buildings with 6,527+/- sf of space. A large cleared area at the south end provides parking for approximately 30 cars.
The property will be open for public inspection on Friday, January 3 from 10am-3pm, Sunday, January 12 from 1pm-5pm and on auction day from 2pm-4pm. Interested bidders can bid on site at the property or in real time online at auctionnetwork.com. There is a nominal opening bid of $500,000. For property information and a Bidder Packet, interested buyers should contact Cindy Dees at 918-217-6410 or 800-801-8003.
About Williams & Williams:
Williams & Williams® (www.williamsauction.com) is a worldwide real estate auction leader. The auction company combines the proven effectiveness of live, at-the-property auctions with the global reach and convenience of real-time, interactive bidding. Williams & Williams auction teams sell throughout the United States and abroad and have a proven performance record for all types of real estate sales including residential, commercial, farms, ranches and land, and luxury properties. To sell your property, call 800-982-1385.