3373 Mount DiabloLafayette, CA 94549

Description

This beautiful pride of ownership property is located centrally on Mt Diablo Blvd in Lafayette, CA and comes with two long term quality local businesses as tenants. The bite sized investment is stabilized with modified gross leases expiring in 2028 and 2030, providing a Buyer with the flexibility to occupy some or all of the property at a future time, convert leases to NNN structure, and/or renew and continue to enjoy the exiting income. Great opportunity for 1031 exchange or local investors too. Existing tenants have invested significantly in improvements / customization of the space, as is evident from attached photos. Building has multiple meters and restrooms as well, providing the additional opportunity to split into multiple units in the future should one wish to do so. Flexible C1 zoning permits a variety of uses - please check with the City of Lafayette for details. Very convenient to HWY 24, the Lafayette Park Hotel, downtown Walnut Creek, Whole Foods, Trader Joe's, BART and much more. New roof in 2020 Entry from Mt Diablo Blvd to upper level and from Dyer Road to lower level. There is interior stairwell access also. Off-street parking / loading on Dyer Rd frontage, with abundant street parking along Mt Diablo Blvd. Please DO NOT contact tenants or anyone on site at the property. Please feel free to contact Broker with additional questions. Thank you... Stabilized Pride of Ownership Property Small and Centrally Located Lafayette CA Investment Property with Seasoned Tenants Perfect for 1031 or Local Investor Future upside with conversion to NNN leases or use by Owner-User https://lafayetteglasscompany.com/

Property Information

Property type

Commercial Sale

Year built

1961

Lot size

0.13 acres

Zoning

C1

Days on market

23

MLS^® Listing#

41147524

Property Features

Construction

Wood Siding

Financial Details

Annual taxes

$27,495

Parcel number

2330710035

Directions

Cross Street: Brown Avenue.