1890 Main StWalnut Creek, CA 94596

Property Details for 1890 Main St

Year built

1960

Lot size

0.51 AC

Property size (Sq ft)

6,792 SF

Property type

Automotive properties

APN

178-330-007-0

APU

1783300070

Description

This exceptional 0.51-acre mixed-use property at 1890 N. Main St, Walnut Creek, CA 94596, presents a compelling investment opportunity. The 6,792 square foot building currently houses a tenant, MAG Motor Company, and sits on a highly visible, heavily trafficked commercial corridor. The property is zoned for mixed-use residential development, offering significant flexibility for developers. Potential development schemes include market-rate or affordable multifamily housing, for-sale condominiums, or senior apartments. The site's location along N. Main Street, a bustling commercial artery with numerous retail businesses and restaurants, ensures high visibility and accessibility. This unentitled property allows for creative development plans tailored to the thriving Walnut Creek market. The cross street is Arroyo Way. This is a rare chance to acquire a substantial property in a prime suburban location within the San Francisco Bay Area. The property is available for sale or lease.

• CAP approach

  CAP return

  Valuation

  6%

  $3,583,620

  6.5%

  $3,307,960

  7%

  $3,071,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,333,090

  Geo Method

  $1,970,130

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,444,570

  Mixed-Use / Specialty

  $3,298,700

  Hospitality / Lodging

  $2,423,460

  Office

  $3,281,750

  Institutional / Educational

  $3,430,230

  Residential Income

  $4,013,370

  Multifamily

  $4,799,350

  Automotive / Energy

  $2,940,200

  Parking / Income-Based Land

  $1,012,120

  Restaurant / Food Service

  $1,721,100

  Healthcare / Senior Housing

  $3,380,160

Location Insight

City

Walnut Creek

County

Contra Costa

State

California

Latitude

37.9048

Longitude

-122.063

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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