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348 Park St - High Density Residential Development Site

1.26 Acres of Residential Land Offered at £2,214,563 in Moraga, CA 94556

Executive Summary

Essential CRE is proud to offer for purchase a 1.26 acres vacant lot ideal for high density residential development located in Moraga, CA, an affluent community in the East Bay of San Francisco. Located at 348 Park Street, the subject property is 54,885 square feet level lot with access to utilities. The site benefits from excellent exposure and access off of Rheem Boulevard which serves as a major arterial between Moraga and Orinda to access Highway 24 and BART. The subject property is strategically located adjacent to the Rheem Valley Plaza anchored by strong national retailers; TJ Maxx, Home Goods, CVS , Dollar Tree, Starbucks and the US Post Office along with 24-Hour Fitness directly across the street.

Property Facts Under Contract

Price £2,214,563
Sale Type Investment NNN
Net Initial Yield 3.62%
No. Lots 1
Property Type Land
Property Subtype Land
Total Lot Size 1.26 AC

1 Lot Available

Lot

Price £2,214,563
Price Per AC £1,757,590
Lot Size 1.26 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
255-140-053-0
Land Assessment
£1,743,127
Improvements Assessment
£400,754
Total Assessment
£2,143,880

zoning

Zoning Code SO
SO
  • Listing ID: 24879419

  • Date on Market: 20/01/2022

  • Last Updated:

  • Address: 348 Park St, Moraga, CA 94556

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