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
Bay East ©2024 CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 8:14 PM UTC, 5/10/2024.