2868 Las Positas Rd., Livermore, CA
Located between Walmart and Kohl’s, this 1.469± acre pacel of land is fully entitled for a 15,000± square foot retail strip. The current plans include a drive-thru and suites ranging from 1,100± – 6,900± square feet. Originally marked a sale/lease of the condo’s, the raw land is now also being offered for sale. The Las Positas frontage and potential I-580 freeway visibility make this an excellent high-exposure site. Highly visible retail condos are nearly impossible to find in Livermore. With low SBA rates this could be a great opportunity for an established business to own their own real estate and be able to off-set the mortgage with tax benefits. I suggest completing a rent vs. own scenario to see how the numbers stack-up.
Lease Price:$2.75 per square foot, NNN. Development will commence once the project has acquired 3 or more tenants. Delivery from the start of construction is expected to be 9 months.
Sale Price:Individual condo’s are offered at $400 per square foot. Land with entitlements is $2,000,000.