642 1st St
Rodeo, CA 94572
Rodeo Retail and Apartments · Retail Property For Sale

Showing: Thursday 4/19 at 1:30pm. Contact David Howarth for a complete marketing package. 642 1st Street in Rodeo presents a great mixed-use opportunity for an owner-operator or investor to have immediate cash flow with significant rental upside. The offering consists of a large, vacant, neighborhood bar and pool hall known as Troy’s Club and a detached, fully occupied, remodeled duplex with one 2bd/1bth unit and one 1bd/1bth unit. The bar is fully functional and has been remodeled over time with new flooring, tile, bar equipment, etc. The bar offers an extra large office space, a card room, multiple bathrooms, a backyard area, and ample space for patrons, pool tables, and seating. The duplex in the rear of the property has been completely remodeled and fully occupied. Each unit has new flooring, new kitchen/bathroom cabinets, in-unit washer/dryers, stainless steel appliances, and granite countertops. Both units far below market in rent, offering the next investor the opportunity to raise rents and achieve greater cash flow. Maintenance is low and there are two water meters and three PG&E meters providing for low annual expenses. There is off-street parking for 19 cars plus easy street parking. The property is located near the main commercial district in Rodeo with excellent access to I-80. The property is approximately 100 yards from the bay and offers water views from the top of the duplex. Rodeo has benefited from significant socio-economic improvements across the region in the past several years and is fast becoming one of the most desired locations in the East Bay.