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10792 W Larch Rd - 1.81 Acres Hotel Site Lot #3
1.81 Acres of Commercial Land Offered at $3,035,500 in Tracy, CA 95304
INVESTMENT HIGHLIGHTS
- 200 Ft Freeway Frontage
- Contiguous to freeway on/off ramp at Tracy Blvd
- Near Legacy Fields, 166 Acres sports park
EXECUTIVE SUMMARY
Zoned commercial CRS. Hotels, Restaurants, highway services.
-250 feet of highway 205 frontage.
-Contiguous to freeway on ramp, Tracy Blvd exit/on ramp.
-Fronting 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 complete by January 2024. Each hotel site will accommodate 90 to 120 hotel rooms.
Current Parcel Configuration:
10792 W. Larch Rd APN: 212-170-34
4.77 acres
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, 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
| Price | $3,035,500 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | 1031 Exchange | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.81 AC |
| Price | $3,035,500 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.81 AC |
1 LOT AVAILABLE
Lot 3
| Price | $3,035,500 | Lot Size | 1.81 AC |
| Price Per AC | $1,677,071.82 |
| Price | $3,035,500 |
| Price Per AC | $1,677,071.82 |
| Lot Size | 1.81 AC |
Buildable hotel site. Annexed to the City of Tracy on July 10, 2020. Freeway frontage, next to Holiday Inn Express. Level lot. $175,000 Cost sharing per lot for utilities extension. 78,844 Sq Ft at $38.50 per square foot, $3,035,500.00.
DESCRIPTION
10792 W. Larch Rd. Hotel site lot #3. There is a current site plan approved by the City of Tracy. On June 11, 2020 the San Joaquin County LAFCO agency completed the final step of Annexation to the City of Tracy. January 16, 2018, the Tracy City Council approved the 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, gas stations EV stations) |
| CRS (Community Recreation Services. Commercial use for hotels, restaurants, gas stations EV stations) |
Presented by
10792 W Larch Rd - 1.81 Acres Hotel Site Lot #3
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