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