3632 Lone Tree Way Antioch, CA 94509

Property Details for 3632 Lone Tree Way

Year built

1980

Lot size

11.57 lot acres

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional value-add opportunity presents a 123,735 square foot, Class B shopping center situated on 11.57 acres in Antioch, California. The property, known as Raley's Center, boasts a strong grocery anchor tenant, Raley's, complemented by a bank and pharmacy, creating a robust tenant mix. Built in 1980 and renovated in 2010, the center comprises four single-story buildings with 21 units and a 78% occupancy rate. The property features ample parking with 676 spaces, offering significant potential for outparcel development. Located at the intersection of Lone Tree Way and Clearbrook, the center benefits from high visibility and traffic counts. The property is zoned C-2 and offers a compelling price per square foot of $153, with a land value of $37.56 per square foot. The asking price is $18,925,000. A 2023 appraisal valued the property at $21,000,000. This prime location in the rapidly growing San Francisco Bay Area offers investors a chance to capitalize on the region's strong economy while providing convenient access for Antioch residents. The property's strong anchor tenant, combined with the potential for increased occupancy and value-add improvements, makes this a highly attractive investment opportunity. The property's address is 3632 Lone Tree Wy, Antioch, CA 94509, with APN numbers 071-181-028, 030, 031.

Location Insight

City

Antioch

County

Contra Costa

State

California

Longitude

-121.807

Latitude

37.9859