1522 Park St
Alameda, CA 94501
1522 Park Street · Retail Property For Sale

SYNOPSIS: Beautiful commercial property with two commercial tenants in place. This property was renovated in 2005 by the current owners. The Alameda Bicycle shop is approximately 2,545 sf and has a month-to-month agreement at $6,800 per month NNN. The Alameda Grill is approximately 250 sf and has a lease that runs through 10/31/19 at $1,400 per month IG with an increase to $1,442 per month on 11/1/18. Off street parking for customers. CAP rate at 5.70%. The Alameda Bicycle shop space could move if there is an owner user that wants to utilize the space. The business could be sold also if a buyer wants to operate the current business. The Alameda Grill business wants to stay in place. DO NOT DISTURB TENANTS Contact the Broker for more information and a tour of the property.