Livermore, California, is a prime location for investing in retail properties, offering a unique blend of urban and rural landscapes. With a strong economy driven by scientific research, national security, and high-tech business development, Livermore presents a stable and growing market for retail businesses. Retail properties in Livermore can represent a range of investments, from small, independent shops to larger, more established chain stores. The city's downtown area, currently undergoing redevelopment, offers a hub of activity with various shops,restaurants, and cultural attractions, making it an attractive location for retail businesses. Additionally, the presence of major employers like Lawrence Livermore National Laboratory and Sandia National Laboratories provides a steady stream of customers. Livermore's Mediterranean climate, with hot, dry summers and mild winters, also makes it an attractive location for businesses that cater to tourists and locals alike. The city's proximity to the San Francisco Bay Area and the Central Valley, with mountain passes on the west and east, provides easy access to a wider customer base. With its rich history, cultural attractions, and strong economy, Livermore is an excellent choice for retail property investors.
Currently, there are 5 retail properties available for sale in Livermore, offering a range of options for investors. The average price per square foot for these properties is $545 USD, with an average size of 17,627 square feet. The largest property available is 64,283 square feet. In addition to retail properties, Livermore also offers a range of other property types, including shopping centers, restaurants, office properties, and hotels. Shopping centers in Livermore offer a convenient location for retailers, with easy access to major highways and a steady stream of customers. Restaurants in the city can take advantage of the growing foodie scene, with a range of cuisines and dining options available. Office properties in Livermore are attractive to businesses looking for a stable and secure location, with many major employers already established in the area. Hotels in the city cater to tourists and business travelers alike, offering a range of amenities and services. With its strong economy, rich history, and cultural attractions, Livermore is an excellent choice for investors looking to diversify their portfolio.
What is the average cap rate for retail properties in Livermore?
When it comes to retail properties in Livermore, investors can expect an average cap rate of 5.59%. To better understand the significance of this rate, it's essential to know what is a cap rate, which is a crucial metric in commercial real estate investing, as explained in our article at what is a cap rate.
How do location and foot traffic affect retail property values?
In Livermore, California, the location and foot traffic of retail properties play a significant role in determining their values. Properties situated in high-traffic areas, such as downtown Livermore, which is currently undergoing redevelopment, tend to have higher values due to their proximity to local amenities, infrastructure, and a large customer base, with 5 available listings averaging $545 USD per square foot and ranging in size from 17,627 square feet to 64,283 square feet.
