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Listed by Davide Pio • BCRE
$ 2,250,000
Est. payment | /mo
9,392 SqFt
$ 2,250,000
Est. payment | /mo
9,392 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 9,392 sqft
Price per Sqft $239
MLS Listing ID 41088776
HOA Y/N No
Year Built 1949
Lot Size 9,392 Sqft
Property Sub-Type Comm Ind For Sale
Source CONTRA COSTA
Property Description
Cap Rate - 4.29% (Current) | GRM - 13.66 (Current) vs Cap Rate - 6.65% (Proforma) | GRM - 9.96 (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
Interior
Flooring Concrete
Fireplace No
Building
Lot Description Corner Lot, Business District, BART Nearby, Commercial, Neighborhood, Neighborhood Commercial, Residential Area, Restaurant Nearby, Shopping Center Nearby, Shopping Nearby
Story 1
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