Luxury Mixed-Use Development Opportunity 3614 Mt Diablo Blvd Local commercial 919 m² À vendre Lafayette, CA 94549

Rare opportunity to acquire a prime mixed-use development site on Mt. Diablo Blvd which is Lafayette’s main thoroughfare in the heart of Downtown. The entitlement process is well underway offering the flexibility to acquire the site with a tentative map approved or to make modifications to the proposed project. This development application utilizes state legislation and density bonus allowing a developer to achieve greater density and a faster entitlement timeline. This project is also EB-5 approved.
Lafayette’s housing market is extremely strong and supply constrained. Luxury for sale condominiums are in high demand creating favorable market conditions for sellers as illustrated by the sale comps and properties pending in the table below. The condo market is trending to $1,350/SF+ and this site is one of the best locations in town.
This location is walkable to four grocery stores including the award-winning family owned and operated Diablo Foods directly across the street as well as Trader Joe’s, Whole Foods and Safeway. It is also in Lafayette’s retail pedestrian district that is known for its vibrant restaurant scene and great retail amenities. For outdoor enthusiast, this site is within walking distance to the Lafayette Reservoir which is a coveted place amongst locals to walk, hike, fish or spend an afternoon paddling the tranquil waters.