1890 Main StWalnut Creek, CA 94596

  • Retail properties
  • 6,792 SF
For Sale

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
1890 Main St, Walnut Creek, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$14,630
$731,625
$477,934
$1,209,559
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