1600 Kearney St, El Cerrito, CA 94530
- $1,450,000
- 9,392
- SqFt
- List Price
- $1,450,000
- Status
- PENDING
- MLS#
- 41088776
- Price Change
- ▼ $200,000 1779145196
- Year Built
- 1949
- Property Type
- Comm Ind For Sale
- Living Area
- 9,392
- Lot Size
- 9,392
- Acres
- 0.22
- County
- Contra Costa
- Subdivision
- Ca
Property Description
Cap Rate - 5.97% (Current) | GRM - 10.41 (Current) vs Cap Rate - 8.93% (Proforma) | GRM - 7.69 (Proforma). 1600 Kearney in El Cerrito was home to Cerrito Printing and had the power to support the workload. An additional suite was added, and currently, the building is divided into four (4) separate suites of varying sizes with long-term tenants. The property is a perfect fit for a variety of buyers. An owner-user could occupy all or some of the space while retaining some rental income, or an investor could acquire the building and bring rents to market rates. Additionally, TOHIMU zoning allows 45+ units/acre. Being in the heart of the East Bay, the building is within a two (2) mile distance to both El Cerrito Del Norte and El Cerrito Plaza Bart stations, and Highway 80. Oakland and San Francisco including their respective airports are all within a 10-to-25 mile distance.
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Additional Information
- Stories
- 1
- Exterior
- Concrete, Other
- Flooring
- Concrete
- Lot Description
- Corner Lot, Business District, BART Nearby, Commercial, Neighborhood, Neighborhood Commercial, Residential Area, Restaurant Nearby, Shopping Center Nearby, Shopping Nearby
- Parking Features
- Private Lot
- Roof
- Rolled/Hot Mop, Bitumen
Mortgage Calculator
Listing courtesy of Davide Pio from BCRE. 510-815-2000
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