2295 Willow Pass Rd Concord, CA 94520
- Retail space
- 10,885 SF
- 0.38 lot acres
Current Use by Public Records
- Q-ZAR Laser Tag - Concord, Ca. / Arcade & Gaming Center / (Bike/Boat/Book/etc) Store
Property Details for 2295 Willow Pass Rd
- Year built
- 1950
- Lot size
- 0.38 lot acres
- Property size
- 10,885 SF
- Zone code
- DB
- Property type
- Retail space
- APN
- 126-073-015-3
- APU
- 1260730153
Description
This exceptional 10,885-square-foot retail storefront building, located at 2295 Willow Pass Road in Concord, California, presents a unique investment opportunity. The single-story Class B building, constructed in 1992, sits on a 16,570-square-foot lot (APN 1260730153) and is zoned for Downtown Pedestrian (DP) use. Previously occupied by Qzar for 30 years, the property is now vacant and ready for immediate occupancy. The building features five individual units, ideal for a variety of retail tenants or a single user. Its design incorporates extensive glass frontage and ample space for building signage, ensuring high visibility. Strategically located just one block from Todos Santos Square, the vibrant heart of downtown Concord, this property benefits from exceptional foot traffic and convenient access. The asking price is $3,300,000. This is a rare chance to acquire a well-situated, single-story retail building in a thriving downtown area. The net rentable area is 10,885 square feet.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,020,000
- ML approach
- $1,990,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,100,000
- 6.5%
- $1,940,000
- 7%
- $1,800,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,607,000
Market price range: $1.44M - $3.92M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,655,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $3,165,000 Change: +19% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,885,000 Change: +9% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Concord
- County
- Contra Costa
- State
- California
- Longitude
- -122.032
- Latitude
- 37.9777
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA