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27322597
27322596

The Village at Somersville Towne Center, Antioch, CA 94509

ED
CA 00642167
TRI Commercial Walnut Creek
JS
CA 00829597
TRI Commercial Walnut Creek
Listed by TRI Commercial Walnut Creek
Unpriced
249 days on market
Updated 125 days ago

The Village at Somersville Towne Center

Details
Property Type Retail, Multifamily
Sub Type Apartment Building, Commercial
Square Footage 40,677
Acreage 38.320
Zoning C-3 (Regional Commercial with Housing Overlay)

Retail | 40,677 SqFt

Marketing description

TRI Commercial Real Estate Services is pleased to present to qualified developers and investors the opportunity to acquire 2550 Somersville Road, Antioch, California. The ±38.32 AC Somersville Towne Center Regional Mall, is entitled for transformation of the site into a new Multifamily/Retail Village Master Planned Community complete with 702 ‘Garden Style’ apartments while maintaining approximately ±40,677 SF of existing grocery anchored retail and two commercial pads as part of the new master planned village concept.

The Village at Somersville Towne Center, (“The Property”), is located in the San Francisco Bay Area at 2550 Somersville Road in Antioch, one block off Highway 4, approximately 35 miles to the northeast of Oakland, 31 miles north of the Lawrence Livermore National Laboratory, and a short eight minute drive to the nearest BART station allowing the residents to be in downtown San Francisco in under an hour.

The Property, which is zoned C-3 (Regional Commercial with Housing Overlay) includes an entitled residential development site of ±26.71 AC (“Residential Portion”), which includes a total of 702 ‘for-rent’ apartments. The developer has secured an SB-330 approval effectively freezing current zoning in place. The remaining ±11.52 AC site (“Commercial Portion”) is comprised of ±40,677 SF of existing grocery anchored retail space, two commercial pads, and surface parking. The Property includes five total parcels with an aggregate acreage of ±38.32 AC, and is being offered for sale in its entirety

Investment highlights

  • Entitled Bay Area Mixed-Use Development Site with Unparalleled Scale
  • Two Phase Construction Plan Offers Flexibility
  • Cost Efficient Garden Style Construction
  • Surging Suburban Trends
  • Key Grocery Anchored NNN Income Stream From Day One

Listing Contacts

ED
CA 00642167
TRI Commercial Walnut Creek
JS
CA 00829597
TRI Commercial Walnut Creek
Listed by TRI Commercial Walnut Creek

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