"Trophy" Bay Area Redevelopment Opportunity | 3614 Mt Diablo Blvd
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"Trophy" Bay Area Redevelopment Opportunity 3614 Mt Diablo Blvd
9,892 SF Retail Building Lafayette, CA 94549 For Sale
Investment Highlights
- Lafayette is the 14th wealthiest community in the USA based on median household income and five-year estimates from the U.S. Census Bureau
- Top Retail, Shopping, Dining Hub within Lafayette - Mt Diablo Blvd is the main thoroughfare within Downtown Lafayette
- Located immediately adjacent to the Lafayette BART station and within the “BART Block”, which allows for more favorable redevelopment options
- The property sits on .95 acres, w/ excellent street frontage and visibility along Mt Diablo Blvd & features on-site parking which is rare in Downtown
- Tenants in area include: Trader Joes, Whole Foods, Diablo Foods, Safeway, BevMo, CVS, Starbucks, Peets Coffee, Philz Coffee, Orangetheory, etc.
- Major Re/Development Market - See more info, page 7, Major Developments Map
Executive Summary
Rare “Trophy” Location in Downtown Lafayette, CA
For Lease or For Sale
Walgreens will be vacating this location at the end of 2024.
Current ownership is open to leasing or selling the property.
Land Use Summary:
· Zoning: P1 Planned Development Area
· Specific Plan: Downtown Specific Plan, Bart Block Subarea
· General Plan: Downtown Core
Allowable Uses: Residential, Mixed-Use, Retail, Office, Drive-Thru allowed with Land Use Permit
Core Development Standards:
· Residential Density: 35 DU/Acre Residential By Right, the City has stated they are open to reviewing development proposals up to 60 DU/Acre
· Height Limit: Above 35’ May be allowed (majority of site). Within 25’ of Mt. Diablo Blvd 3 stories / 35’. See Parcel Map for illustration.
· Other: Some ground floor retail may be required
· Transit Oriented Development: The property is immediately adjacent to the Lafayette BART Station, additional residential development overlays may be applicable. Buyer to confirm.
For Lease or For Sale
Walgreens will be vacating this location at the end of 2024.
Current ownership is open to leasing or selling the property.
Land Use Summary:
· Zoning: P1 Planned Development Area
· Specific Plan: Downtown Specific Plan, Bart Block Subarea
· General Plan: Downtown Core
Allowable Uses: Residential, Mixed-Use, Retail, Office, Drive-Thru allowed with Land Use Permit
Core Development Standards:
· Residential Density: 35 DU/Acre Residential By Right, the City has stated they are open to reviewing development proposals up to 60 DU/Acre
· Height Limit: Above 35’ May be allowed (majority of site). Within 25’ of Mt. Diablo Blvd 3 stories / 35’. See Parcel Map for illustration.
· Other: Some ground floor retail may be required
· Transit Oriented Development: The property is immediately adjacent to the Lafayette BART Station, additional residential development overlays may be applicable. Buyer to confirm.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,892 SF
Building Class
C
Year Built/Renovated
1947/2016
NOI
$370,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.95 AC
Zoning
SRB - Special Retail Business
Frontage
104 FT on Mt Diablo Blvd
Amenities
- Pylon Sign
Walk Score ®
Walker's Paradise (92)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 243-050-001-3 | Improvements Assessment | $5,106,600 |
| Land Assessment | $3,504,400 | Total Assessment | $8,611,000 |
PROPERTY TAXES
Parcel Number
243-050-001-3
Land Assessment
$3,504,400
Improvements Assessment
$5,106,600
Total Assessment
$8,611,000
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"Trophy" Bay Area Redevelopment Opportunity | 3614 Mt Diablo Blvd
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