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10722 W Larch Rd - 10722 W Larch #B- 8.35 Acres, Commercial
8.35 Acres of Commercial Land Offered at $12,730,410 in Tracy, CA 95304
Investment Highlights
- 650 Ft Freeway Frontage on I-205
- Contiguous to freeway on/off ramp at Tracy Blvd
- Near Legacy Fields, 166 Acres sports park
Executive Summary
Zoned commercial CRS. Hotels, Restaurants, Banquet Hall, Gas/EV, and highway services.
-Contiguous to freeway on ramp, Tracy Blvd exit/on ramp.
-Fronting 650 feet highway I-205 next to Tracy Blvd.
-Next to Holiday Inn Express and 2 new hotel ground breakings.
-New 166 acres Legacy Fields city sports park one parcel across the street.
Owner is in the process of parceling hotel sites. Lot splits will be completed by December 31, 2024. Each hotel site will accommodate 90 to 120 hotel rooms.
Current Parcel Configuration:
10722 W. Larch Rd APN: 212-170-33 and 10792 W Larch Rd APN: 212-170-34
Total acreage: 8.35
Nearby 2 New Amazon Fulfillment Centers, Costco, Safeway, and Medline Medical with 1,000,000 Sq. Ft each. Prologis development 1,783 acres business park. Tesla manufacturing 3 miles east on Hwy I-205
Zoning is CRS- Commercial Recreational Services, i.e hotels, restaurants, banquet halls, fuel stations, etc.
2% selling agent brokerage
Recent sale: Hotel site 22393 N. Corral Hollow Rd. $44.05 per sq.ft. closed 7.20.2022, Hilton Home 2 suites at northwest corner of Coral Hollow Rd and Grant Line Rd at $32.00 per sq.ft. Closed July 2018.
Recent closed hotel site deals in from $36 to $44 per square foot.
Property Facts
1 Lot Available
Lot
| Price | $12,730,410 | Lot Size | 8.35 AC |
| Price Per AC | $1,524,600 |
| Price | $12,730,410 |
| Price Per AC | $1,524,600 |
| Lot Size | 8.35 AC |
5 Buildable Sites. Retention pond. Annexed to the City of Tracy on July 10, 2020. 650 Feet of Freeway frontage, located next to Holiday Inn Express. Level lot. $175,000 Cost sharing per lot for utilities extension.
Description
10722 W. Larch Rd./ 10792 W Larch Rd. There is a current site plan approved by the City of Tracy. On January 16, 2018, the Tracy City Council approved the annexation to the City of Tracy. On July 11, 2020 the San Joaquin County LAFCO agency completed the final step of Annexation to the City of Tracy. The property is near the 166 acres Legacy Fields Sports Park. The City of Tracy anticipates this property with freeway frontage to serve the Legacy Fields sports park with hotel and restaurant services.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $920,221 | Total Assessment | $920,221 |
PROPERTY TAXES
zoning
| Zoning Code | CRS (Community Recreation Services. Commercial use for hotels, restaurants, banquet halls, gas stations EV stations) |
| CRS (Community Recreation Services. Commercial use for hotels, restaurants, banquet halls, gas stations EV stations) |
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10722 W Larch Rd - 10722 W Larch #B- 8.35 Acres, Commercial
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