28
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$2,600,000
Est. payment /mo
Active
1600 Kearney St El Cerrito, CA 94530
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Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 9,392 sqft
Price per Sqft $276
MLS Listing ID CC41088776
Originating Board Contra Costa Association of Realtors
Year Built 1949
Lot Size 9,392 Sqft
Property Sub-Type Commercial Property
Property Description
Cap Rate - 3.16% (Current) | GRM - 16.95 (Current) vs Cap Rate - 5.57% (Proforma) | GRM - 11.53 (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
Area Other Area
Zoning TOHI
Interior
Flooring Concrete
Exterior
Exterior Feature Concrete, Other
Parking Features Common Parking - Private
Garage Spaces 17.0
Roof Type Rolled Composition
Building
Story One Story
Others
Tax ID 502-232-013-8
Special Listing Condition Not Applicable
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Listed by Davide Pio • BCRE