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7679-7691 Thornton Ave
Newark, CA 94560
Retail Property For Sale
Investment Highlights
- Long-standing tenants on short term leases - Can be delivered vacant for an owner-user; also for lease (contact Michael Ruiz for lease info)
- Features 8 fenced and gated parking stalls in a secured yard and a 10 foot roll-up door
- Quick access to I-880, CA-84 (Dumbarton Bridge), and major employment centers
- Corner retail property on Thornton Avenue with conversion potential
- Approximately 1 mile from Meta, Amazon, and numerous major tech campuses
- Located near an abundance of amenities, such as NewPark Mall, Starbucks, Lazy Dog Restaurant, Newark City Hall, Alameda County Fire Department, and mo
Executive Summary
Income-producing retail and office property located on a corner along Thornton Avenue in Newark, California. The property is approximately one mile from Meta, Amazon, and several major technology campuses, with quick access to I-880, CA-84 and the Dumbarton Bridge. It features eight fenced and gated parking stalls within a secured yard, a 10-foot roll-up door, and potential for conversion or future development. Long-standing tenants currently occupy the property on short-term leases, allowing it to be delivered vacant for an owner-user. Nearby amenities include NewPark Mall, Starbucks, Lazy Dog Restaurant, Newark City Hall, and the Alameda County Fire Department.
The property is also available for lease; contact Michael Ruiz for leasing information. 510.300.5642 | michaelr@rehbrokerage.com
The property is also available for lease; contact Michael Ruiz for leasing information. 510.300.5642 | michaelr@rehbrokerage.com
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,824 SF
Building Class
C
Year Built
1961
Price
$3,495,000
Price Per SF
$600.10
Percent Leased
49%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.74
Lot Size
0.18 AC
Zoning
N/Av, Newark
Parking
2 Spaces (0.34 Spaces per 1,000 SF Leased)
Frontage
73’ on Thornton Ave
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 092-0081-018-00 | Improvements Assessment | $904,284 |
| Land Assessment | $321,523 | Total Assessment | $1,225,807 |
Property Taxes
Parcel Number
092-0081-018-00
Land Assessment
$321,523
Improvements Assessment
$904,284
Total Assessment
$1,225,807
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