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Listed by Carol Reen • Compass
$ 3,090,000
Est. payment | /mo
11,022 SqFt
$ 3,090,000
Est. payment | /mo
11,022 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 11,022 sqft
Price per Sqft $280
MLS Listing ID ML81944037
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1950
Lot Size 7,000 Sqft
Property Sub-Type Comm Ind For Sale
Property Description
Seize a rare 75% vacant opportunity for an exceptional investment & excellent frontage. Instant income generation w/a superb Retail Building currently leased to Mayflower Spa; has options for extending or for an owner-user space w/great signage visibility; an ideal addition to your portfolio at a 6.25% - 8% Pro Forma cap. A multi-use building w/5 spacious commercial units (vacant) & 6 1BD/1BA residential apartments (3 vacant), in a desirable rental market; commercial spaces offer income potential for a variety of businesses; total interior is ~9,700 SF, ensuring ample room. The adjacent vacant land lot is poised to deliver substantial returns at ~3k SF; it's a fantastic opportunity for development or expansion; previously used as parking for adjacent commercial buildings. The property benefits from flexible zoning regulations, opening up multiple investment avenues. Increasing Building Height is an option! Abundant Space: ~12,700 SF Total Lot, & Per Appraiser Total Building ~12,868 SF.
Location
State CA
County Alameda
Interior
Heating Forced Air
Fireplace No
Exterior
Handicap Access Customized Wheelchair Accessible
Building
Water Public
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