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    Richmond, CA 94804
    • $1,600,000
    • STATUS: Active
    • ON SITE: 108 days
    • ID#: MR40928777
    $1,600,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1944
    County:

    School Ratings & Info

    Description

    This property is being sold together with 435 and 457 23rd Street (see separate listings) for the full price of $1,600,000. Great development opportunity, good for owner/user, or investor. Property can be delivered vacant at close of escrow or used to produce reliable income. Decent income producer with approximate 5% CAP rate and room for rent increases. The 3 lots provide approximately 19,687 sf of land on a major thoroughfare. Per the public records, this lot includes a small 120 sf building and currently houses an auto repair business. In practice, the auto business shares building space with the grocery store. Per the City of Richmond, Zoning for these 3 parcels is CM-5 Commercial Mixed-Use, Activity Center. This district is intended for mid-and high-rise mixed-use development at major activity centers (i.e., Richmond Civic Center, BART) to serve the community, residents and businesses. Office, retail, entertainment and residential uses are allowed.

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    © 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-02-26T23:48:33.007. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Gilmartin Group.

    Licensed in the State of California.
    www.thegilmartins.com/homes/111768748
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    Richmond, CA 94804

    • Price: $1,600,000
    • Status: Active
    • ID#: MR40928777
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1944
    Built
    Neighborhood:
    Central Richmond
    County:
    Contra Costa
    Area:
    Richmond - North & East
    Property Description
    This property is being sold together with 435 and 457 23rd Street (see separate listings) for the full price of $1,600,000. Great development opportunity, good for owner/user, or investor. Property can be delivered vacant at close of escrow or used to produce reliable income. Decent income producer with approximate 5% CAP rate and room for rent increases. The 3 lots provide approximately 19,687 sf of land on a major thoroughfare. Per the public records, this lot includes a small 120 sf building and currently houses an auto repair business. In practice, the auto business shares building space with the grocery store. Per the City of Richmond, Zoning for these 3 parcels is CM-5 Commercial Mixed-Use, Activity Center. This district is intended for mid-and high-rise mixed-use development at major activity centers (i.e., Richmond Civic Center, BART) to serve the community, residents and businesses. Office, retail, entertainment and residential uses are allowed.
    Exterior Features

    Construction Type Wood Frame Garage Parking Common Parking - PrivateRoom For Oversized VehicleStreet Location Business DistrictMid Block Lot Description Paved Roof Rolled Composition Yard Grounds Fenced

    Interior Features

    Structure Sq Ft 120

    Property Features

    Business Name Lot With Small Building. Business Type Garage/Auto City Name Richmond Cross Street Barrett Lot Size Area Maximum 120.00 Present Use Retail Restrictions Neighborhood ApprovalType Of Business AllowedUse Permit Security Features Smoke Detector(S)/Alarm(S) Utilities Electricity - On SiteGas - On SiteSewer - Public Water Hot WaterPublic Zoning Cm-5

    © 2021 MLSListings Inc. All rights reserved. Listing provided courtesy of Lynson Beaulieu of Feagley Realtors.


    © 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-02-26T23:48:33.007. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Gilmartin Group.

    Licensed in the State of California.
     
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