1050 Burnett AveConcord, CA 94520

Property Details for 1050 Burnett Ave

Year built

1968

Lot size

3.62 AC

Property size (Sq ft)

99,772 SF

Zone code

PD

Property type

Hospitality properties

Property subtype

Hotels

APN

126-325-002-7

APU

1263250027

Description

This exceptional 1,808 square foot retail space, part of a larger 18,877 square foot multi-tenant building in Contra Costa County, presents a unique opportunity. Located at 1050 Burnett Ave, the property boasts a convenient location with excellent freeway access and ample parking (5 spaces per 1000 square feet). Built in 1968, the building features a 12-foot clear height and climate-controlled space with HVAC throughout. The existing partitions allow for flexible configurations to suit a variety of needs. This space is ideal for assembly uses, including social, religious, or government organizations. The property includes double-man doors, adding to its functionality and accessibility. The available space is part of a larger building with a total of 18,877 square feet, offering potential for expansion or synergy with other tenants. This property offers a blend of functionality, accessibility, and adaptability, making it an attractive investment opportunity in a desirable location. The ample parking and convenient freeway access further enhance its appeal. The climate-controlled environment ensures optimal conditions for various uses.

• CAP approach

  CAP return

  Valuation

  6%

  $39,120,876

  6.5%

  $36,111,580

  7%

  $33,532,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $66,867,656

  Geo Method

  $65,394,412

• Alternative Use

  Use

  Valuation

  Residential

  $39,423,352

  Hospitality

  $36,111,580

  Educational

  $30,044,410

  Medical

  $31,077,682

  Retail

  $46,735,748

Location Insight

City

Concord

County

Contra Costa

State

California

Latitude

37.9755

Longitude

-122.061

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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