3811-3821 Railroad Ave - Retail FOR SALE


Pittsburg, CA 94565
$2,880,000 USD
510-552-1687
3811-3821 Railroad Ave, Pittsburg, CA for Sale
$2,880,000 USD
Retail - FOR SALE
1/6
null | 6.35% Cap Rate

3811-3821 Railroad Ave
Pittsburg, CA 94565


HIGHLIGHTS

  • Inside city major business district, next to residential neighborhood

OVERVIEW

A Fully occupied value added investment opportunity with about 4.5% annual rent and NNN increasing every year. Very stable tenant base, all of units are occupied by service type tenants. Building was remodeled in 2013 and 2016, the roof and HVAC units were replaced when the building was remodeled. Tenants are responsible for all interior maintenance, repair and replacement including HVAC, store front glass. On the very busy major street, close to shopping, BART, freeway, schools, , inside city business district, next to residential neighborhood. APN/Tax ID: 088-072-068-5 Year Built: 1963, remodeled: 2016 Lot Square Feet: 22463.79 sf Building Square Feet: 5950 sf The vacant lot behind the parking lot is also for sale, zone for neighborhood commercial/high density residential, it may build up to 45 units (for the detail, please confirm with city). It gives the new owner the opportunities to expand or develop.

FOR SALE DETAILS

PRICE

$2,880,000 USD

PRICE/SF

$505 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,463 SF

ZONING

Neighborhood Commercial

APN/PARCEL ID

088-072-068-5

ASK ABOUT THIS PROPERTY

Richard MaoProMax Investment and DevelopmentMore Info
510-552-1687

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Richard MaoProMax Investment and DevelopmentMore Info
510-552-1687

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.