40385 Highway 41
About This Property
All utilities are at the site, with 3.54 paid sewer units and CalAm water available, providing an excellent foundation for future development.
The Planned Development District zoning offers flexibility for a variety of concepts, including individual residential units and mixed-use development. Imagine creating a unique live/work community where you can:
• Live upstairs and work downstairs
• Operate an art studio, workshop, gallery or small business
• Walk to shopping, dining and services
• Enjoy the convenience of living in town without giving up privacy
• Create an attractive community designed for retirees, artists, craftspeople or others seeking a more walkable lifestyle
The property enjoys a quiet setting with little to no traffic immediately surrounding the site. The parcel also offers the potential to be regraded to create a larger, more usable single-level building area, opening additional possibilities for site design.
Whether you envision residential, mixed-use, artist-oriented live/work spaces or another creative development concept, this property deserves a closer look.
A unique development opportunity in the heart of Oakhurst-where you can live, work, create and enjoy the convenience of being in town.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2026 | Listed by Century 21 Ditton Realty | $250,000 | |
| Listed by Century 21 Ditton Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017