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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$1,450,000

Est. payment - /mo

0.45 Acres Lot

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Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 41088776

HOA Y/N No

Year Built 1949

Annual Tax Amount $24,147

Lot Size 0.450 Acres

Property Description

Cap Rate - 5.97% (Current) | GRM - 10.41 (Current) vs Cap Rate - 8.93% (Proforma) | GRM - 7.69 (Proforma). 1600 Kearney in El Cerrito was home to Cerrito Printing and had the power to support the workload. An additional suite was added, and currently, the building is divided into four (4) separate suites of varying sizes with long-term tenants. The property is a perfect fit for a variety of buyers. An owner-user could occupy all or some of the space while retaining some rental income, or an investor could acquire the building and bring rents to market rates. Additionally, TOHIMU zoning allows 45+ units/acre. Being in the heart of the East Bay, the building is within a two (2) mile distance to both El Cerrito Del Norte and El Cerrito Plaza Bart stations, and Highway 80. Oakland and San Francisco including their respective airports are all within a 10-to-25 mile distance.

Location

State CA

County Contra Costa

Zoning TOHI

Interior

Fireplace No

Exterior

Roof Type Composition

Total Parking Spaces 17

Others

Tax ID 5022320138

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Listed by Davide Pio BCRE #01522969

Nearby School & Business

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Jessica Panzica

+1(714) 313-8193

Agent License ID: 01854556

1600 Kearney St El Cerrito, CA 94530

Jessica Panzica

Key Details

Location

Interior

Exterior

Others

Nearby School & Business

Get More Information