This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
10722 W Larch Rd - Hotel Site Freeway Frontage Lot #4
1.82 Acres of Commercial Land Offered at £2,411,308 in Tracy, CA 95304
Investment Highlights
- 200 feet of freeway frontage. Next to Holiday Inn Express
- Contiguous to freeway on/off ramp at Tracy Blvd
- New 166 acres Legacy Fields city sports park 300 yards away
Executive Summary
Zoned commercial CRS. Hotels, Restaurants, highway services.
-726 feet of highway 205 frontage (entire property)
-Contiguous to freeway on ramp, Tracy Blvd exit/on ramp.
-Fronting highway I-205 next to Tracy Blvd. 200 ft frontage per lot (est.)
-Next to Holiday Inn Express and 2 new hotel ground breakings.
-New 166 acres Legacy Fields city sports park one parcel across the street.
Owner is in the process of parceling hotel sites. Lot splits will be complete by October 2023. Each hotel site will accommodate 90 to 120 hotel rooms.
Current Parcel Configuration:
10722 Larch Rd APN: 212-170-33
4.33acres
Nearby 2 New Amazon Fulfillment Centers, Costco, Safeway, and Medline Medical with 1,000,000 Sq. Ft each. Prologis development 1,783 acres business park. Tesla manufacturing 3 miles east on Hwy I-205
Zoning is CRS- Commercial Recreational Services, i.e hotels, restaurants, fuel stations, etc.
2% selling agent brokerage
Recent sale: Hotel site 22393 N. Corral Hollow July 20, 2022 1.97 acres $44.00 per sq. ft. Hilton Home 2 suites at northwest corner of Coral Hollow Rd and Grant Line Rd at $32.00 per square foot.
Current hotel site deals in escrow from $39 to $45 per square foot.
Property Facts
| Price | £2,411,308 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Conditions | 1031 Exchange | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.82 AC |
| Price | £2,411,308 |
| Sale Type | Investment or Owner User |
| Sale Conditions | 1031 Exchange |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.82 AC |
1 Lot Available
Lot 4
| Price | £2,411,308 | Lot Size | 1.82 AC |
| Price Per AC | £1,324,894 |
| Price | £2,411,308 |
| Price Per AC | £1,324,894 |
| Lot Size | 1.82 AC |
Buildable hotel site. Annexed to the City of Tracy on July 10, 2020. Freeway frontage, next to Holiday Inn Express. Level lot. Cost sharing per lot for utilities extension $175,000 @ 116,305 Sq Ft at $38.50 per square foot, $3,052,250. Available
Description
10722 W. Larch Rd. Hotel site lots. There is a current site plan approved by the City of Tracy. On June 11, 2020 the San Joaquin County LAFCO agency completed the final step of Annexation to the City of Tracy. January 16, 2018, the Tracy City Council approved the annexation to the City of Tracy. The property is near the 166 acres Legacy Fields Sports Park. The City of Tracy anticipates this property with freeway frontage to serve the Legacy Fields sports park with hotel and restaurant services.
PROPERTY TAXES
| Parcel Number | 212-170-33 | Improvements Assessment | £0 |
| Land Assessment | £334,453 | Total Assessment | £334,453 |
PROPERTY TAXES
zoning
| Zoning Code | CRS (CRS Commercial Community Recreation Services. Commercial use for hotels, restaurants, gas stations EV station) |
| CRS (CRS Commercial Community Recreation Services. Commercial use for hotels, restaurants, gas stations EV station) |
-
Byron Alvarez -
Altera Real Estate
Presented by
10722 W Larch Rd - Hotel Site Freeway Frontage Lot #4
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.