816 San Pablo Ave Active

Albany,CA 94706

$ 899000

- Bed

- Bath

2192 SqFt


Key Details

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Active

Purchase Type For Sale

Square Footage 2,192 sqft

Price per Sqft $410

MLS Listing ID 41053772

Year Built 1923

Lot Size 3,500 Sqft

Property Description

Price reduction! This store-front retail is nicely located on the high traffic business street of San Pablo Ave in the City of Albany. It has a walkable score of 89%. Walk to Solano Ave shops. University Village shopping and El Cerrito Plaza Shopping Center are within 1 mile distance. Next to the City of Berkeley, El Cerrito and a short drive to Emeryville, Oakland, and the San Francisco Bay Areas.  Well maintained property. Excellent curb appeal. Two retail units. #814 has been occupied by the owner of the dry cleaner business for over 30 years. The business attracts many local customers. #816 is a tenant occupied by Farmers Insurance Office since 2019. The current rent is $2,100. per month. The tenant prefers to stay and will extend the lease 2024 Annual gross income which includes the dry cleaner and the rental unit approximately total of $155,200. @ 10% Cap rate. Seller carry finance for sophisticated buyer. Please contact the listing agent 510 853 8810 for details.

Location

State CA

County Alameda

Building

Lot Description Business District,Mid-Block,City Lot,Commercial,Freeway Nearby,Neighborhood,Public Transport Nearby,Restaurant Nearby,Shopping Center Nearby

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