1890 Main StWalnut Creek, CA 94596
- Retail properties
- 6,792 SF
Property Details for 1890 Main St
- Year built
- 1960
- Lot size
- 0.51 AC
- Property size (Sq ft)
- 6,792 SF
- Property type
- Retail properties
- Property subtype
- Other 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,611,341
- 6.5%
- $4,256,622
- 7%
- $3,952,578
-
Comparable approach
- Method
- Valuation
- Relative Method
- $5,653,249
- Geo Method
- $4,773,779
-
Alternative Use
- Use
- Valuation
- Residential
- $3,590,620
- Hospitality
- $3,288,989
- Educational
- $2,736,400
- Medical
- $2,830,509
- Retail
- $4,256,622
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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