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1251 Park St 1,217 SF Retail Building Alameda, CA 94501 $1,250,000 ($1,027.12/SF)
Executive Summary
Great opportunity to own this well located property for immediate renovation or completely development. Long time former sandwich shop with a rear residential unit and off street parking. The current owner has approved plans for a two story mixed use building with retail on the ground floor and 2 residential units above. The new building is slated to be 1,633 sf with full off street parking. This property is two separate parcels. 1249 Park Street is the parking lot and 1251 Park Street encompasses the building. The property is located in the heart of the Historic Park Street Business District. Home to restaurants, retail stores, service businesses and the historic Alameda Theater.
Property Facts
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
1,217 SF
Building Class
C
Year Built
1913
Price
$1,250,000
Price Per SF
$1,027.12
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.11 AC
Zoning
C-C-T - Community Commercial with Theater Overlay.
Parking
9 Spaces (7.4 Spaces per 1,000 SF Leased)
Frontage
45’ on Park St
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $519,561 | |
| Land Assessment | $671,100 | Total Assessment | $1,190,661 |
Property Taxes
Parcel Numbers
Land Assessment
$671,100
Improvements Assessment
$519,561
Total Assessment
$1,190,661
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1251 Park St