CM-5 Mixed-Use Development Opportunity 245 24th St 4,000 SF Retail Building Richmond, CA 94804 $1,300,000 ($325/SF)

CM-5 Mixed-Use Development Opportunity with Irreplaceable Auto Body Infrastructure – Richmond, CA
This offering presents a rare opportunity to acquire a CM-5 (Commercial Mixed-Use – Activity Center) zoned property located within Richmond’s T5 Core-Open high-density district, supporting a wide range of uses including residential, commercial, and mixed-use development (buyer to verify).
The property is currently improved with a fully built-out, production-grade auto body facility featuring a grandfathered heated downdraft paint booth and integrated infrastructure—a combination that is increasingly difficult to replicate under current environmental and permitting regulations. The site offers immediate usability for an owner-user or tenant, while also providing meaningful long-term redevelopment potential.
INVESTMENT HIGHLIGHTS
~ CM-5 Commercial Mixed-Use zoning within T5 Core-Open high-density district
~ Rare grandfathered heated downdraft paint booth (irreplaceable under current regulations)
~ Approx. 5,009 SF lot | ~4,000–4,500 SF building
~ Property delivered vacant of business operations with infrastructure in place
~ Built-in systems (paint booth, ventilation, utilities) provide immediate operational capability
~ Flexible configuration: retain, repurpose, or remove improvements based on buyer’s use
~ Dual access via 24th Street and Exchange Blvd for efficient vehicle flow
~ Three-phase power, gas, and water utilities in place
~ Located within established automotive service corridor with strong visibility
PROPERTY DESCRIPTION
This property offers a compelling urban infill opportunity combining immediate functionality with long-term redevelopment upside.
The existing improvements include a purpose-built auto body facility designed for efficient multi-stage workflow (prep ? body ? paint ? finish), supporting immediate occupancy or lease-up for an automotive operator. The presence of the grandfathered paint booth and supporting systems creates a significant barrier to entry and enhances the property’s utility for specialized users.
From a development standpoint, the site is positioned within Richmond’s CM-5 / T5 Core zoning, which supports higher-density mixed-use projects. Based on feasibility analysis, the property may support:
~ Entry-level development scenarios of approximately 4–6 residential units
~ Higher-density mixed-use development potential (up to ~40 units per acre) depending on design, approvals, and city requirements (buyer to verify)
This dual-use profile allows buyers to generate near-term income or operational value while preserving future redevelopment optionality.
POTENTIAL USES / STRATEGIES
~ Owner-user (auto body / collision repair operator)
~ Lease to automotive or light industrial tenant
~ Hold for appreciation in a supply-constrained market
~ Mixed-use redevelopment (residential + commercial)
~ Higher-density infill development opportunity (buyer to verify)
~ Reposition to alternative industrial or commercial use
ADDITIONAL INFORMATION
~ Existing auto body infrastructure in place; additional equipment may be negotiable
~ Auto body business may be available separately
~ Potential portfolio opportunity with adjacent parcel (251 24th St)
~ Do not disturb occupants
All information provided by seller or third-party sources and subject to buyer verification. Buyer to conduct their own due diligence regarding zoning, use, and development potential.
BY APPOINTMENT ONLY – Please do not disturb occupants