Active

816 San Pablo Ave

Albany CA, 94706

$950,000


$433.39 per sqft

Active

2,192 sqft

Commercial

Built in 1923

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

MLS ID

March 23, 2024

Listed

May 10, 2024

Updated

Map

816 San Pablo Ave
Albany CA, 94706

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.08 Acres


Lot Features

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


Roof

Aluminum

Other Property Details

Area Name

Albany


Garage

No


Parking

On Street


View

No


County

Alameda


Pool

No


Zoning

Comm


Buyer Agency Compensation

2.5%

Listed by Anna Li with Better Homes and Gardens RP
Listing Contact: 510-853-8810 

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