Hanna John Azar

678 Ralston Avenue, Belmont

$4,550,000 678 Ralston Avenue, Belmont, Belmont, CA 94002

678 Ralston Avenue is a one-story, 2,880 SF retail building, on a 15,700 SqFt that is currently home to a dry cleaner business. The business is currently on a month to month lease.

The site is located in the Village Corridor Mixed Use (VCMU) District where high density residential housing is permitted and encouraged. The property is conveniently located 

3 minutes from  Belmont Caltrain Station, and is a short walk to many popular restaurants, grocery stores, and other essential goods and services shopping along the El Camino Real. 
 
Despite a challenging market and high construction costs, we were able to procure a buyer who saw the potential in the property and paid full list price. The buyer plans to develop to develop the property into The Ridge at Ralston, an 8-story, 65-unit affordable housing development over ground floor retail, with surface level parking.
 
Key Highlights:
  • Seller Representation
  • Price/AC - $12,638,567
  • Price/Lot SF - $290.14

  • Price/SF - $1,580 

  • Existing 2,880 SF Retail Building on a 15,700 SqFt lot.
  • Sold
    Status

Features & Amenities

Area & Lot

  • Status: Sold

Financial

  • Sales Price: $4,550,000

678 Ralston Avenue, Belmont

Work With Hanna John

During his past experiences, Hanna John has gained particularly strong knowledge and hands-on experience in maneuvering complex multi-faceted value-add investments.
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