Oak Hill Grove
Townhome or High Density Residential Covered Land Play | 1.91 acres I No Minimum, 114 to 172 Max
Marketing description
ACARA is pleased to present this exciting opportunity to acquire almost two acres of unentitled land in the coveted, highly affluent suburb of Lafayette where Residents will enjoy sweeping views of this fabulous community and iconic Mount Diablo. The density on these parcels has increased to a maximum of 60 du/ac in the recent Housing Element update process, unlocking the value for a sophisticated Developer to capitalize on the strength and strong underlying fundamentals in this ultra premium submarket. Existing income from the office buildings will help carry this land while entitlements are being processed.
Oak Hill West is located in Lafayette’s West End District which is in the midst of an exciting revitalization due to its prime location just steps away from popular restaurants, countless retail amenities, the heralded Oakwood Athletic Club and a memorable nature experience at the Lafayette Reservoir. A quick getaway to the rest of the world is possible with easy access to Highway 24 and BART.
Investment highlights
Prime Downtown West End location walking distance to restaurants, retail, Lafayette Reservoir & Oakwood Athletic Club
±1.91AC largest contiguous piece of unentitled land in ultra premium submarket of Lafayette
New max 60 du/ac density unlocking value for sophisticated Developers (114 base units, 155 units w/ 35% or 172 w/ 50% CA DB)
No minimum density, making this the best available townhome site on the market
Covered land play, existing ±48K SF of office space is ±60% leased generating significant income while entitlements are processed
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