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1403-1413 Encinal Ave 6,568 SF 100% Leased Retail Building Alameda, CA 94501 $2,295,000 ($349.42/SF) 5.51% Cap Rate
INVESTMENT HIGHLIGHTS
- 5 residential units complete the building.
- Central Ave frontage.
- Mixed use building with 3 commercial and 5 residential units, commercial units make up a local Bar
EXECUTIVE SUMMARY
Nice mixed use building with 3 commercial and 5 residential units, commercial units make up a local Bar "The Benton" which occupies 2 units and a nail salon, 5 residential units complete the building.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,568 SF
Building Class
C
Year Built
1910
Price
$2,295,000
Price Per SF
$349.42
Cap Rate
5.51%
NOI
$126,405
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.15 AC
Zoning
C-I, Alameda - Mixed use, some street level retail surrounded by the historic Gold Coast on one side and a mix of apartments and single family homes on the other.
AMENITIES
- Storage Space
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 072-0342-008-00 | Improvements Assessment | $1,864,437 |
| Land Assessment | $473,508 | Total Assessment | $2,337,945 |
PROPERTY TAXES
Parcel Number
072-0342-008-00
Land Assessment
$473,508
Improvements Assessment
$1,864,437
Total Assessment
$2,337,945
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1403-1413 Encinal Ave
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