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1700 N Broadway 1700 N Broadway

36,404 SF 7% Leased Office Building Walnut Creek, CA 94596 For Sale

Investment Highlights

  • Premier ±0.72 Acre High-Density Redevelopment Site
  • Purchase 50% below replacement cost.
  • Unentitled in Downtown Walnut Creek
  • Great signage opportunity.

Executive Summary

Located within the Walnut Creek Downtown Specific Plan area, the property is currently zoned for Commercial Mixed-Use (MU-C). This zoning allows for a mixed-use residential development up to 85 feet in height, with a maximum density of 111 residential units considering the state density bonus of 75%. LCA Architects has provided the included yield studies and renderings, illustrating the potential to develop a 110-unit apartment complex with Type III construction providing 118 on-site, above-grade parking spaces. Situated in the heart of Downtown Walnut Creek, the property is directly across from Civic Park and the Walnut Creek Library, and is just two blocks from the Lesher Center for the Arts. The site, located at the prominent intersection of N. Broadway and N. Civic Drive, boasts ±300 feet of frontage on Civic Drive, overlooking Civic Park—a beautiful setting that hosts events like the annual Holiday Ice Rink and Memorial Day celebrations, to name a few. Additionally, the property features ±200 feet of frontage on N. Broadway. 1700 N. Broadway is within a short walk (0.6 miles) to BART and just four blocks, or an 11-minute walk through the historic downtown core, to Broadway Plaza, Walnut Creek’s renowned shopping and arts scene. In addition, the property is located just 1.5 miles from John Muir Medical Center and 0.9 miles from Kaiser Hospital. Walnut Creek, California, with a median income in 2024 exceeding $134,925, ranks among the top 10 richest retirement towns in America. It has been voted the best shopping destination in San Francisco’s East Bay, featuring more than 200 boutiques and classic retail stores.

Attachments

Sale

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
36,404 SF
Building Class
B
Year Built
1972
Percent Leased
7%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
8,338 SF
Slab To Slab
11’
Building FAR
1.16
Lot Size
0.72 AC
Zoning
OC, Walnut Creek
Parking
30 Spaces (2.25 Spaces per 1,000 SF Leased)

Amenities

  • Signage
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Very Bikeable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
178-351-016-5
Land Assessment
$2,263,100
Improvements Assessment
$5,657,900
Total Assessment
$7,921,000
  • Listing ID: 33449439

  • Date on Market: 10/8/2024

  • Last Updated:

  • Address: 1700 N Broadway, Walnut Creek, CA 94596

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