380 Moraga Rd - Residential LAND FOR SALE


Moraga, CA 94556 109,336 SF
$8,888,000 USD
415-488-7938
380 Moraga Rd, Moraga, CA for Sale
$8,888,000 USD
Residential LAND - FOR SALE
1/1
109,336 SF

380 Moraga Rd
Moraga, CA 94556


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$8,888,000 USD

PRICE/ACRE

$3,541,023/AC

PRICE/SF

$81 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Commercial, Mixed Use, Multi-Family, Apartment Units, Apartment Units - Condo, Apartment Units - Senior, Storefront Retail/Office, Storefront Retail/Residential

LAND ACRES

2.51 AC

LAND SF

109,336 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

MCR

APN/PARCEL ID

255-030-013-7

ASK ABOUT THIS PROPERTY

David WientjesKidder MathewsMore Info
415-488-7938

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David WientjesKidder MathewsMore Info
415-488-7938

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.