$ 1,920,000
Alameda, CA 94501
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$ 1,920,000
Est. payment /mo
Price Dropped by $180K
Alameda, CA 94501
7,840 SqFt
UPDATED:
10/01/2024 11:37 AM
Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 7,840 sqft
Price per Sqft $244
MLS Listing ID BE41064769
Originating Board Bay East
Year Built 1900
Lot Size 10,379 Sqft
Property Description
Prime Investment Opportunity! This stunning Mixed-Use Property on two parcels boasts a thriving Fitness Center on the first floor and mezzanine level, offering a secure income stream with a long-term lease until May 31, 2027, plus a 5-year lease extension option. The first level offers very large sidewalk side windows with high ceilings and wood floors. It also includes an ADA rest room and a shower. With spacious residential units on the second floor, including a mix of 2-bedroom/2-bath, 2-bedroom/1-bath, and 1-bedroom/1-bath layouts, this property offers diverse rental income potential. The units are in very good condition and have been renovated over the years. The first floor offers the residential tenants a co-op washer and dryer. Don't miss the chance to invest in this property's expansive basement and convenient rear parking spaces accessed from Oak Street. The location is something that makes this property very special. It is near City Hall, the city parking structure, the historic Alameda Theater, along with many restaurants and retail spaces.
Location
State CA
County Alameda
Area Other Area
Zoning Comm
Interior
Flooring Linoleum, Other, Carpet - Wall to Wall, Wood, Concrete
Exterior
Exterior Feature Brick
Garage Assigned Spaces, Common Parking Area, Common Parking - Private
Garage Spaces 6.0
Utilities Available Electricity - On Site, Gas - On Site, Electricity - 60 Amps or Less, Sewer - Public
Roof Type Other
Building
Story Two Story
Water Hot Water, Public
Others
Tax ID 71-202-23
Special Listing Condition Not Applicable
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Listed by Rich Krinks • BHHS Drysdale Properties