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1811 Broadway St - High Density Residential Zoned Parcel 0.8 Acres of Residential Land Offered at $3,500,000 in Concord, CA 94520
Investment Highlights
- 0.80 Acres of RH-Zoned Land in Concord
- Proximity to Downtown Concord
- City Incentives Applicable to Parcel
- In-Place Retail Income at Close
- Multiple Exit Paths
Executive Summary
Catalyst Commercial Partners is pleased to present the exclusive opportunity to acquire 1811 Broadway St— a fully-leased five-tenant strip retail center on a ±0.80-acre corner parcel in the heart of Concord. The property is offered at $3,500,000.
In-place income from a roster of short-term and month-to-month tenancies preserves immediate cash flow while keeping the site available for the buyer's highest and best use. Zoned RH (High Density Residential), the parcel supports 33 to 100 dwelling units per net acre. Concord's housing-driven growth cycle, makes this offering unusually well-positioned for a developer or shopping-center owner-operator with a future redevelopment thesis.
There is also an opportunity to stabilize the existing retail center by restructuring and signing long-term leases with current tenants.
In-place income from a roster of short-term and month-to-month tenancies preserves immediate cash flow while keeping the site available for the buyer's highest and best use. Zoned RH (High Density Residential), the parcel supports 33 to 100 dwelling units per net acre. Concord's housing-driven growth cycle, makes this offering unusually well-positioned for a developer or shopping-center owner-operator with a future redevelopment thesis.
There is also an opportunity to stabilize the existing retail center by restructuring and signing long-term leases with current tenants.
Property Facts
| Price | $3,500,000 | Proposed Use | Multifamily |
| Sale Type | Investment | Total Lot Size | 0.80 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | RH - High Density Residential (Base Density: 33-100 du/ac) | ||
| Price | $3,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.80 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | RH - High Density Residential (Base Density: 33-100 du/ac) |
1 Lot Available
Lot 126-051-02
| Price | $3,500,000 | Lot Size | 0.80 AC |
| Price Per AC | $4,375,000.00 |
| Price | $3,500,000 |
| Price Per AC | $4,375,000.00 |
| Lot Size | 0.80 AC |
0.80 Acres of Land Zoned RH (High Density Residential). Base density is 33 to 100 dwelling units per net acre. Center is 100% occupied with short term leases to provide cash flow during the holding period.
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 126-051-026-6 | Improvements Assessment | $449,840 |
| Land Assessment | $1,302,174 | Total Assessment | $1,752,014 |
Property Taxes
Parcel Number
126-051-026-6
Land Assessment
$1,302,174
Improvements Assessment
$449,840
Total Assessment
$1,752,014
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1811 Broadway St - High Density Residential Zoned Parcel
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