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1321 Gilman St 2,057 SF 100% Leased Retail Building Albany, CA 94706 $1,600,000 ($777.83/SF)
INVESTMENT HIGHLIGHTS
- Ideally situated at the corner of Nielsen Street in the heart of the highly desirable Westbrae Shopping District.
- Easy access to North Berkeley BART Station and 80 and 580 Freeways.
- Near vibrant local businesses such as Blue Heron Bikes, Berkeley Bagels, Kiku Sushi, Headlands Brewing, Adega Azul Wine Bar, and more.
EXECUTIVE SUMMARY
The offering comprises a ±7,080-SF corner parcel zoned CN (Commercial Neighborhood) at a 35-foot height limit with up to 100% lot coverage. Perfect for 5-6 townhome style condos. Gilman Street frontage of ±109 feet. Now existing are older auto repair buildings totaling ±2,357 SF.
Clean Phase 1 Environmental Report just completed. Grandfathered in for auto repair use or could be repurposed for most
retail or office uses. 10% down SBA available for owner users.
Clean Phase 1 Environmental Report just completed. Grandfathered in for auto repair use or could be repurposed for most
retail or office uses. 10% down SBA available for owner users.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
2,057 SF
Building Class
C
Year Built
1940
Price
$1,600,000
Price Per SF
$777.83
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.16 AC
Parking
6 Spaces (2.92 Spaces per 1,000 SF Leased)
Frontage
128’ on Gilman St
Walk Score®
Very Walkable (87)
Bike Score®
Biker's Paradise (100)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 060-2415-024-00 | Improvements Assessment | $21,948 |
| Land Assessment | $82,017 | Total Assessment | $122,137 |
PROPERTY TAXES
Parcel Number
060-2415-024-00
Land Assessment
$82,017
Improvements Assessment
$21,948
Total Assessment
$122,137
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1321 Gilman St
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