Retail Shopping Center with Redevelopment Potential
High Density Residential Zoning
Marketing description
Catalyst Commercial Partners is pleased to present the exclusive opportunity to acquire 1811 Broadway St
— a fully-leased five-tenant strip retail center on a ±0.80-acre corner parcel in the heart of Concord. The
property is offered at $3,500,000.
In-place income from a roster of short-term and month-to-month tenancies preserves immediate cash
flow while keeping the site nimble for the buyer's highest and best use. Zoned RH (High Density
Residential), the parcel supports 33 to 100 dwelling units per net acre.
Concord's housing-driven growth cycle, makes this offering unusually well-positioned for a
developer or shopping-center owner-operator with a future redevelopment thesis.
There is also an opportunity to stabilize the existing retail center by restructuring and signing long term leases with current tenants.
Investment highlights
- 0.80 Acres of RH-Zoned Land in Concord
- In-Place Retail Income at Close
- Proximity to Downtown Concord
- Multiple Exit Paths
- City Incentives Applicable to Parcel
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