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 extend the lease for another year. 2023 Annual actual gross income which includes the dry cleaner and the rental unit total of $135,633. @ 9.10% Cap rate. 2024 actual cap will be 9.44%. The business is offered for $50,000. Property is offered $900,000 and must be sold together. Please contact the listing agent 510 853 8810 for details.
41053772
Business Opportunities, Other
Alameda
1923
0.08
Acres
Asphalt,Block,Brick Veneer,Wood
Exterior / Lot Features
- Parking
- 0 Covered Parking Spaces.
- Exterior
- Wood, Brick Trim/Veneer, Asphalt, Block
- Zoning
- Comm
Financial Considerations
6627916
$18,525
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