Seize this rare mostly vacant opportunity for an exceptional investment. Instant income generation w/an excellent 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% cap or better. A Multi-Faceted multi-use building w/5 spacious commercial units (5 vacant) & 6 well-appointed 1BD/1BA residential apartments, in a desirable rental market (3 vacant); 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 ~ 3,000 SF; it's a fantastic opportunity for development or expansion, adding value; previously used as parking for adjacent commercial buildings. The property benefits from flexible zoning regulations, opening up multiple investment avenues. Abundant Space: ~12,700 SF Total Lot, and Per Appraiser Total Building ~12,868 SF.
ML81918577
Multi-Family, Other
Alameda
1950
0.2916
Acres
Public
Public Sewer
12,868
Sq. Ft.
Interior Features
- Appliances
- Oven, Range
- Flooring
- Hardwood, Tile
Exterior / Lot Features
- Lot Dimensions
- 12700.00
- Zoning
- RU-5
Financial Considerations
022-0339-015
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