6940 Rich Avenue Newark, CA ^$ 5,195,000

6940 Rich Avenue

^$ 5,195,000

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Recently Listed

6940 Rich Avenue

Newark, CA, 94560

^$ 5,195,000

Studio Baths0.0

Monthly Estimate*

^$ 32,802

Listed by Marcus & Millichap

6940 Rich Avenue, Newark, CA 94560 - Image 1

6940 Rich Avenue, Newark, CA 94560 - Image 2

6940 Rich Avenue, Newark, CA 94560 - Image 3

6940 Rich Avenue, Newark, CA 94560 - Image 4

6940 Rich Avenue, Newark, CA 94560 - Image 5

6940 Rich Avenue, Newark, CA 94560 - Image 6

Studio

Lots and Land for sale in Newark, CA

for $5,195,000. The lot size is 0.925.

Large high-density residential development site in the heart of Old Town Newark. The zoning for the site allows residential development at densities between 30 dwelling units per acre and 100 dwelling units per acre. This property has the potential for 100+ apartment units if the developer uses state density bonus laws. The property is less than ten minutes drive to several major shopping centers. Costco, Safeway, Sprouts Farmers Market, Grocery Outlet, 99 Ranch, and Lion Market are all nearby. Additionally, there are dozens of restaurants, shops, and service businesses in the neighborhood. There are 15 parks and sports facilities in Newark, ranging from neighborhood parks all the way up to an indoor recreation and swimming facility. Newark is located on the San Francisco Bay and there are miles of trails along the Bay. The site is also a short drive from Coyote Hill Regional Park and several regional parks in the hills above Fremont.

Lots and Land Active

Price

^$ 5,195,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 0

Style

Lot Size

0.925

Town/City

Newark

County/Region

Alameda

MLS | Web ID

ML82057036

Days on Market

Features

General

Sewer Public Sewer

Utilities Electricity Available

Possession Close Of Escrow

Zoning CMU Commercial Mixed Use

Current Use Commercial

County Alameda

Property Type Land

HOA false

Special Listing Conditions Standard

Status Active

Directions Cross Street: Magnolia Street

High School Other

City Newark

High School District Other

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 40291

Elementary School Other

Middle/Junior High School Other

Standard Status Active

Interior

Total Baths 0

Exterior

Fencing Chain Link

Lot Features Level

Water Source Public

Total Parking 0

Lot Size Area 40291

Lot Size Acres 0.925

Lot Size Source Other

* Excluded Features

List By

Marcus & Millichap

Broker

joshua.johnson@marcusmillichap.com

Affordability Calculator

$32,802

Per Month

Monthly Principal & Interest: $32,802
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Newark, CA

Average List Price ^$3,445,000

Percent of Sale Price 34%

About Newark, CA

48,655 Population

15% Since 2002

^$95,709 Median Income

37.84 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4826967 Elementary School

4826966 Middle School

Other High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/8/2026	$5,195,000		Listed Price

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6940 Rich Avenue, Newark, CA, 94560 is a Lots and Land for sale at $5,195,000 with a lot size of 0.925. 6940 Rich Avenue is a studio with 0.0 baths. The property's zip code is 94560 which is in Newark, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 8/15/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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6940 Rich Avenue

Lots and Land for sale in Newark, CA

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