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$ 3,090,000
Est. payment | /mo
7,000 Sqft Lot
$ 3,090,000
Est. payment | /mo
7,000 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81944037
HOA Y/N No
Year Built 1950
Annual Tax Amount $15,937
Lot Size 7,000 Sqft
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
Area 699 - Not Defined
Zoning RU-5
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Roof Type Flat
Present Use Residential
Building
Story 2
Water Public
Others
Tax ID 022033901701
Listed by Carol Reen • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "