1102 LINCOLN AVENUE, ALAMEDA 94501
Great location in Central Alameda on a very busy four lane street. This location is in one of the Neighborhood Business Districts that are throughout Alameda. In the early days of the city these locations were pick up and drop off points for the light rail system that covered most all of the City. The various stops had small commercial stores and restaurants designed to provide service for the travelers and the local neighborhood.
SYNOPSIS:
1102 Lincoln is a mixed use property with a 7,883 sf retail unit consisting of 5,943 sf on the ground floor and 1,940 sf on the second floor, plus 2 residential units above the retail. The residential units are both 2 bedroom 1 bath units and are month-to-month. 1102 1/2 Lincoln pays $1,200/month rent w utilities included and is 1,122 sf. 1104A Lincoln pays $1,300/month plus utilities and is 1,152 sf Neither tenant has a written lease agreement. 1100 and 1102 Lincoln Avenue were combined as a locally owned hardware store (Pagano’s Hardware Mart) for many years. In 2015 Pagano’s moved to another part of Alameda. At that time the owners decided to divide 1100 and 1102 into two properties since they were on two lots anyway. 1102 was repainted and ADA restrooms added. A large 2nd floor with an ADA restroom is located in the rear of the space and also leads to the rear of the residential units and to the street.