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1049 55th St 2,389 SF Retail Building Emeryville, CA 94608 $799,000 ($334.45/SF) 7.23% Cap Rate
Executive Summary
Introducing this exceptional fully vacant corner building a rare opportunity for an owner-user to live upstairs in the spacious 4-bedroom, 2-bath residence while running a business downstairs, or for an investor to generate passive income through mixed-use rental. The property includes a 2-car garage with potential for ADU conversion (subject to city approval), adding further value and versatility. Located in a quiet pocket of Oakland near the Emeryville and Berkeley border, it offers easy access to Emeryville BART, IKEA, and Highway 580. This is an ideal chance to secure a flexible property in a well-connected and rapidly developing area.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,389 SF
Building Class
C
Year Built
1910
Price
$799,000
Price Per SF
$334.45
Cap Rate
7.23%
NOI
$57,800
Tenancy
Single
Building Height
2 Stories
Building FAR
1.10
Lot Size
0.05 AC
Zoning
R-40
Frontage
123’ on Gaskill St
Amenities
- Corner Lot
- Signage
Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (98)
Nearby Major Retailers
Property Taxes
| Parcel Number | 013-1187-025-00 | Improvements Assessment | $151,759 |
| Land Assessment | $45,061 | Total Assessment | $189,820 |
Property Taxes
Parcel Number
013-1187-025-00
Land Assessment
$45,061
Improvements Assessment
$151,759
Total Assessment
$189,820
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1049 55th St
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