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Development Site w/Current Income - Portfolio 1448 S Main St 3,042 SF 100% Leased Retail Building Walnut Creek, CA 94596 $3,300,000 ($1,084.81/SF) 4% Cap Rate
Executive Summary
Two contiguous parcels totaling over 25,000. Great current income from the restaurant tenant of $11,000 per month while you get entitlements . Prime downtown Walnut Creek location directly across street from Kaiser.
APN: 183-030-002 : 10,890 sq ft
APN: 183-030-001 : 14,810 sq ft
Total 25,700
6-story height limit
APN: 183-030-002 : 10,890 sq ft
APN: 183-030-001 : 14,810 sq ft
Total 25,700
6-story height limit
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,042 SF
Building Class
C
Year Built
1971
Price
$3,300,000
Price Per SF
$1,084.81
Cap Rate
4%
NOI
$132,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.25 AC
Zoning
2CR, Walnut Creek
Parking
25 Spaces (6.77 Spaces per 1,000 SF Leased)
Frontage
184’ on Main
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Peony Garden
- Public Administration
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Peony Garden | Public Administration | - | - | - |
Very walkable
80/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 183-030-002-4 | Improvements Assessment | $580,046 |
| Land Assessment | $627,080 | Total Assessment | $1,207,126 |
Property Taxes
Parcel Number
183-030-002-4
Land Assessment
$627,080
Improvements Assessment
$580,046
Total Assessment
$1,207,126
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Development Site w/Current Income - Portfolio | 1448 S Main St
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