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Property Description

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.

Additional Information
Better Homes and Gardens RP
0
CCBE-213500405
CCBE-CCBHAUB
Anna
6627916

Commercial Sale For Sale

816 San Pablo Ave, Albany, California 94706

$950,000
Listing ID #41053772
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 41053772
Price : $950,000
Year Built : 1923
Country : US
State : California
County : Alameda
City : Albany
Zipcode : 94706
ModificationTimestamp : 2024-03-30 05:35:25
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