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1220 Rossmoor Pky 28,974 SF Office Building Walnut Creek, CA 94595 For Sale
Investment Highlights
- Two-story medical office building with basement.
- Permitted for commercial, residential, and community facility use.
- Call Brokers For Pricing.
- Formerly approved in 2022 for a 139 unit AL/MC Facility.
- Building & monument signage.
Executive Summary
Originally constructed in 1970 as a medical office building, 1220 Rossmoor Parkway (the “Property”) served the Rossmoor Active Adult community for decades. The Property was last leased to John Muir Hospital for over 15 years, and now represents a rare redevelopment opportunity in one of Northern California’s most senior-focused markets.
The Property is ideally located just 0.45 miles from the gates of Rossmoor, the largest senior community in Northern California with ±10,000 residents. It sits at the center of a vibrant healthcare and residential care corridor, surrounded by assisted living, skilled nursing, and memory care facilities. The location is also just minutes from Highway 24 and I-680, providing easy access to and from neighboring communities.
Directly adjacent to the site is the newly renovated Rossmoor Shopping Center, a ±120,000 RSF retail destination anchored by Safeway, CVS Pharmacy, and Starbucks, along with a variety of shops and services that serve as key amenities to the surrounding population. The Property is centrally positioned between the affluent communities of Alamo and Lafayette, offering strong demographics and a built-in base of demand.
Zoned to permit care-related uses, the site was previously approved by the City of Walnut Creek in 2022 for a 139-unit assisted living facility—validating its potential for senior housing or healthcare development. This is a unique opportunity to redevelop in a location that is already established as a hub for senior living and services.
The Property is ideally located just 0.45 miles from the gates of Rossmoor, the largest senior community in Northern California with ±10,000 residents. It sits at the center of a vibrant healthcare and residential care corridor, surrounded by assisted living, skilled nursing, and memory care facilities. The location is also just minutes from Highway 24 and I-680, providing easy access to and from neighboring communities.
Directly adjacent to the site is the newly renovated Rossmoor Shopping Center, a ±120,000 RSF retail destination anchored by Safeway, CVS Pharmacy, and Starbucks, along with a variety of shops and services that serve as key amenities to the surrounding population. The Property is centrally positioned between the affluent communities of Alamo and Lafayette, offering strong demographics and a built-in base of demand.
Zoned to permit care-related uses, the site was previously approved by the City of Walnut Creek in 2022 for a 139-unit assisted living facility—validating its potential for senior housing or healthcare development. This is a unique opportunity to redevelop in a location that is already established as a hub for senior living and services.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Medical
Building Size
28,974 SF
Building Class
C
Year Built
1970
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
28,974 SF
Building FAR
0.15
Lot Size
4.42 AC
Zoning
PD 930 - General Plan Office
Parking
111 Spaces (3.83 Spaces per 1,000 SF Leased)
Amenities
- Monument Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 186-030-029-0 | Improvements Assessment | $4,136,206 CAD |
| Land Assessment | $1,182,097 CAD | Total Assessment | $5,318,303 CAD |
Property Taxes
Parcel Number
186-030-029-0
Land Assessment
$1,182,097 CAD
Improvements Assessment
$4,136,206 CAD
Total Assessment
$5,318,303 CAD
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1220 Rossmoor Pky
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