Courtesy: ABC Commercial Realty
510-333-6198
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/
Lafayette is located in California. Lafayette, California has a population of 25,384. Lafayette is more family-centric than the surrounding county with 40.88% of the households containing married families with children. The county average for households married with children is 35.9%.
The median household income in Lafayette, California is $192,546. The median household income for the surrounding county is $110,455 compared to the national median of $69,021. The median age of people living in Lafayette is 44.8 years.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 41 degrees. The average rainfall is approximately 24.1 inches per year, with 0 inches of snow per year.
