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380 Moraga Rd

2.51 Acres of Residential Land Offered at $12,598,473 CAD in Moraga, CA 94556

Investment Highlights

  • Permitted residential density is 24 units per acre or 60 developable units.
  • As a former Lucky's Supermarket, the property improvements are versatile for retail and commercial use.
  • Higher density, 75-100+ units, may be achieved by developing senior housing, affordable housing and/or using State Density Bonus Program.

Executive Summary

Kidder Mathews as Exclusive Representative, is pleased to offer for sale 380 Moraga Road, Moraga CA, (the “Property”). This is a rare opportunity for a developer, owner-user and/or investor to acquire a 2.51 acre site improved with a ±27,960 SF office building, in the affluent Town of Moraga. Located at the prominent corner of Moraga Road and Rheem Blvd, the Property is situated across from the Rheem Shopping Center with proximity to the Saint Mary’s College campus.

The Town of Moraga, California is one of the most prosperous zip codes in the United States. Boasting a median household income well above the national average, highly rated schools, and strong quality of life, Moraga attracts a highly educated and established population with strong purchasing power.

The Town of Moraga recently adopted housing element and zoning changes to Rheem Park Mixed Commercial-Residential which allows for residential development at a permitted density of 24 units per acre. Additional density may be achieved by developing senior and affordable housing and utilizing the State Density Program.

380 Moraga Road, Moraga CA, is being offered for sale. All investors should base their offer on the "as-is, where is" condition of the property. In order to assist with underwriting, qualified purchasers will be provided access upon request to available due diligence information. The Owner requests that all interested parties provide Kidder Mathews with a formal Letter of Intent outlining the terms and conditions under which they propose to acquire the site. In addition, please provide a detailed summary of your company, principals and transaction history.

Property Facts

Price $12,598,473 CAD
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 2.51 AC

1 Lot Available

Lot

Price $12,598,473 CAD
Price Per AC $5,019,312 CAD
Lot Size 2.51 AC

±2.51-Acre site includes ± 27,960 office building with ±100 parking spaces. Building delivered vacant. Proximity to Saint Mary’s campus and across from Rheem Valley Shopping Center.

Description

Rare development opportunity in the affluent Town of Moraga. ±2.51-Acre site includes ± 27,960 office building with ±100 parking spaces. Proximity to Saint Mary’s campus and across from Rheem Valley Shopping Center.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
255-030-013-7
Land Assessment
$1,793,281 CAD
Improvements Assessment
$4,401,005 CAD
Total Assessment
$6,194,286 CAD

zoning

Zoning Code MCR (Multi-Use Residential/Commercial)
MCR (Multi-Use Residential/Commercial)
  • Listing ID: 31752212

  • Date on Market: 2024-05-09

  • Last Updated:

  • Address: 380 Moraga Rd, Moraga, CA 94556

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