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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
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 | Property Type | Land |
Sale Type | Investment | Property Subtype | Residential |
Sale Conditions | Redevelopment Project | Total Lot Size | 2.51 AC |
No. Lots | 1 |
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 | Lot Size | 2.51 AC |
Price Per AC | $5,019,312 CAD |
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
Parcel Number | 255-030-013-7 | Improvements Assessment | $4,401,005 CAD |
Land Assessment | $1,793,281 CAD | Total Assessment | $6,194,286 CAD |
PROPERTY TAXES
zoning
Zoning Code | MCR (Multi-Use Residential/Commercial) |
MCR (Multi-Use Residential/Commercial) |
Presented by
380 Moraga Rd
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