Entitled Multifamily Land 2550 Somersville Rd Lot | Terrain commercial | 15,51 ha | À vendre | Antioch, CA 94509

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.
The Retail component, ±40,677 SF of existing Smart & Final anchored retail and two commercial pads, can be sold separately.