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Listed by ABC Commercial Realty
$ 2,499,000
Est. payment | /mo
4,820 SqFt
$ 2,499,000
Est. payment | /mo
4,820 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 4,820 sqft
Price per Sqft $518
Subdivision Downtown Laf
MLS Listing ID 41147524
HOA Y/N No
Year Built 1961
Lot Size 5,663 Sqft
Property Sub-Type Comm Ind For Sale
Source BAY EAST
Property Description
This beautiful pride of ownership property is located centrally on Mt Diablo Blvd in Lafayette, CA and comes with two long term quality local businesses as tenants. The bite sized investment is stabilized with modified gross leases expiring in 2028 and 2030, providing a Buyer with the flexibility to occupy some or all of the property at a future time, convert leases to NNN structure, and/or renew and continue to enjoy the exiting income. Great opportunity for 1031 exchange or local investors too. Existing tenants have invested significantly in improvements / customization of the space, as is evident from attached photos. Building has multiple meters and restrooms as well, providing the additional opportunity to split into multiple units in the future should one wish to do so. Flexible C1 zoning permits a variety of uses - please check with the City of Lafayette for details. Very convenient to HWY 24, the Lafayette Park Hotel, downtown Walnut Creek, Whole Foods, Trader Joe's, BART and much more. New roof in 2020 Entry from Mt Diablo Blvd to upper level and from Dyer Road to lower level. There is interior stairwell access also. Off-street parking / loading on Dyer Rd frontage, with abundant street parking along Mt Diablo Blvd. Please DO NOT contact tenants or anyone on site at the property. Please feel free to contact Broker with additional questions. Thank you... Stabilized Pride of Ownership Property Small and Centrally Located Lafayette CA Investment Property with Seasoned Tenants Perfect for 1031 or Local Investor Future upside with conversion to NNN leases or use by Owner-User https://lafayetteglasscompany.com/
Location
State CA
County Contra Costa
Interior
Fireplace No
Building
Lot Description City Lot, Commercial, Shopping Nearby
Nearby Locations
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