45 Windhover Way Martinez, CA 94553
- Land
Current Use by Public Records
- Land
Property Details for 45 Windhover Way
- Property type
- Land
Description
This exceptional 0.75-acre (32,670 sq ft) commercial land parcel in Martinez, CA, presents a fully entitled opportunity for a 24-unit multifamily development. Located at 45 Windhover Way, near Pacheco Blvd and Windhover Way, this fee simple/joint venture property boasts an M-29 zoning designation, permitting a three-story building. The project is fully approved and permit-ready, eliminating lengthy entitlement processes. An environmental impact report (EIR) is certified, and the design review board has approved the plans. The property's prime location offers convenient access to Interstate 680 and Highways 4 and 24, ensuring easy commutes. Nearby amenities include major shopping centers like The Pleasant Hill Shopping Center, The Veranda, Willows Shopping Center, Sun Valley Shopping Center, and Broadway Plaza in Walnut Creek. Public transportation is readily available, with the Concord BART station a short drive away and numerous bus stops nearby. The asking price is $1,500,000, with a pro-forma NOI of $468,000 and a pro-forma cap rate of 31.20%. Seller financing is available. APN: 380-220-066-1. This is a rare opportunity to acquire a fully approved multifamily development site in a high-demand rental market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Martinez
- County
- Contra Costa
- State
- California
- Longitude
- -122.097
- Latitude
- 38.0094
