Located in the heart of Alameda, on the main thoroughfare of Central Avenue, the subject property is a very spacious 9,986 square foot building. The property is nestled just off Park Street, the main business district. This location affords the tenants with an abundance of foot traffic and visibility as the site is across the street from the very popular Alameda Movie Theater.
The building is currently occupied by two tenants: A quick-service restaurant
(Troy) and an Audiology Specialists (Hearing Zone). Currently, 78% or 7,672sqft of the building has been left vacant. This offers a unique opportunity to acquire a highly visible retail space in the central corridor of Alameda.
Additionally, the property is in close proximity to the 1,500-acre Alameda Point Development. This is one of the most significant development projects in the Bay Area, one that is expected to create over 9,000 new jobs. The project is slated for 1,425 new homes and over 5.5 million square feet of commercial space. The total cost of the project is expected to exceed 1.5 billion dollars.
