348 Park St - High Density Residential Development Site
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348 Park St - High Density Residential Development Site
1.26 Acres of Residential Land Offered at $2,795,000 in Moraga, CA 94556
Executive Summary
Essential CRE is proud to offer for purchase a 1.26 acres vacant lot ideal for high density residential development located in Moraga, CA, an affluent community in the East Bay of San Francisco. Located at 348 Park Street, the subject property is 54,885 square feet level lot with access to utilities. The site benefits from excellent exposure and access off of Rheem Boulevard which serves as a major arterial between Moraga and Orinda to access Highway 24 and BART. The subject property is strategically located adjacent to the Rheem Valley Plaza anchored by strong national retailers; TJ Maxx, Home Goods, CVS , Dollar Tree, Starbucks and the US Post Office along with 24-Hour Fitness directly across the street.
Property Facts Under Contract
| Price | $2,795,000 | Property Type | Land |
| Sale Type | Investment NNN | Property Subtype | Land |
| Cap Rate | 3.62% | Total Lot Size | 1.26 AC |
| No. Lots | 1 |
| Price | $2,795,000 |
| Sale Type | Investment NNN |
| Cap Rate | 3.62% |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Land |
| Total Lot Size | 1.26 AC |
1 Lot Available
Lot
| Price | $2,795,000 | Lot Size | 1.26 AC |
| Price Per AC | $2,218,254 |
| Price | $2,795,000 |
| Price Per AC | $2,218,254 |
| Lot Size | 1.26 AC |
PROPERTY TAXES
| Parcel Number | 255-140-053-0 | Improvements Assessment | $505,791 |
| Land Assessment | $2,200,000 | Total Assessment | $2,705,791 |
PROPERTY TAXES
Parcel Number
255-140-053-0
Land Assessment
$2,200,000
Improvements Assessment
$505,791
Total Assessment
$2,705,791
zoning
| Zoning Code | SO |
| SO |
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348 Park St - High Density Residential Development Site
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