Annexed to the City of Tracy on July 10th, 2020.
Zoned commercial CRS. Hotels, Restaurants, Banquet Hall, Gas/EV, and highway services.
-Contiguous to freeway on ramp, Tracy Blvd exit/on ramp.
-Fronting 650 feet highway I-205 next to Tracy Blvd.
-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 completed by December 31, 2024. Each hotel site will accommodate 90 to 120 hotel rooms.
Current Parcel Configuration:
10722 W. Larch Rd APN: 212-170-33 and 10792 W Larch Rd APN: 212-170-34
Total acreage: 8.35
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, banquet halls, fuel stations, etc.
2% selling agent brokerage
Recent sale: Hotel site 22393 N. Corral Hollow Rd. $44.05 per sq.ft. closed 7.20.2022, Hilton Home 2 suites at northwest corner of Coral Hollow Rd and Grant Line Rd at $32.00 per sq.ft. Closed July 2018.
Recent closed hotel site deals in from $36 to $44 per square foot.