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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.
Request Info
  • 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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By providing your contact information to John Azar, your personal information will be processed in accordance with John Azar's Privacy Policy. By checking the box(es) below, you consent to receive communications regarding your real estate inquiries and related marketing and promotional updates in the manner selected by you. For SMS text messages, message frequency varies. Message and data rates may apply. You may opt out of receiving further communications from John Azar at any time. To opt out of receiving SMS text messages, reply STOP to unsubscribe.

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