435 23Rd St

    Richmond, CA 94804
    • $1,600,000
    • STATUS: Active
    • ON SITE: 124 days
    • ID#: 40882753
    UPDATED: 45 min ago
    $1,600,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,980
      SQFT
    • $268
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1945
    County:

    School Ratings & Info

    Description

    This property is being sold together with 445 and 457 23rd Street (see the separate listings) for the full price of $1,600,000. Great development opportunity, for owner/user, or investor. Property can be delivered vacant at close of escrow or used to produce reliable income. Decent income producer with approx. 5% CAP rate and room for rent increases. The 3 lots provide approximately 19,687 sf of land on a major thoroughfare. This is the largest lot and includes a building housing a grocery store and an auto repair business. The three (3) businesses straddle the lot lines. Per the City of Richmond, the ZONING for these 3 parcels is CM-5 Commercial Mixed-Use, Activity Center. This district is intended for mid- and high-rise mixed-use development at major activity centers (i.e., Richmond Civic Center, BART) to serve the community, residents, and businesses in the San Francisco Bay Area. Office, retail, entertainment and residential uses are allowed.

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    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-01-21T08:37:29.907.

    www.greathomes.properties/homes/99106948

    435 23Rd St Richmond, CA 94804

    • Price: $1,600,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: 40882753
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    5,980
    SQFT
    $268
    $/SQFT
    1945
    Built
    Neighborhood:
    Central Richmond
    County:
    Contra Costa
    Area:
    Richmond - North & East
    Property Description
    This property is being sold together with 445 and 457 23rd Street (see the separate listings) for the full price of $1,600,000. Great development opportunity, for owner/user, or investor. Property can be delivered vacant at close of escrow or used to produce reliable income. Decent income producer with approx. 5% CAP rate and room for rent increases. The 3 lots provide approximately 19,687 sf of land on a major thoroughfare. This is the largest lot and includes a building housing a grocery store and an auto repair business. The three (3) businesses straddle the lot lines. Per the City of Richmond, the ZONING for these 3 parcels is CM-5 Commercial Mixed-Use, Activity Center. This district is intended for mid- and high-rise mixed-use development at major activity centers (i.e., Richmond Civic Center, BART) to serve the community, residents, and businesses in the San Francisco Bay Area. Office, retail, entertainment and residential uses are allowed.
    Exterior Features

    Exterior Wood FrameSiding - Wood Garage Or Parking Common Parking AreasStreet Parking General Desc Of Property Lot With improvements. Location Business DistrictMid-Block Parking Spaces Total 6 Roof Rolled Composition

    Property Features

    Annual Act Expense 23064 Annual Actual Net Income 82620 Annual Expense Year 23064 Annual Taxes 12876 Building Type Comm Ind For Sale Commercial Type Commercial Financial Data Source Limited InfoOwner Gross Oper Actual Inc 105684 Local Government Neighborhood ApprovalPublic HearingType Of Business AllowedUse Permit Miscellaneous Month To Month Net Operating Income 82620 Other Annual Expense 0 Point Of Sale Ordinance Yes Present Use Grocery Store And Auto Repair Primary Use Retail Reports None Special Information None Tenant Expenses ElectricGasGrounds MaintenanceInterior MaintenanceJanitorialLiability InsuranceSite MaintenanceTrashWater Tot Bldg Sq Ft 5980 Total Annual Operating Expenses 23064 Utilities ElectricGasPublic SewerPublic Water Zoning Cm-5

    Listing courtesy of Lynson Beaulieu of Feagley Realtors.


    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-01-21T08:37:29.907.

     
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