Additional details

JLee Broker

[email protected] +1(650) 857-1000

Listed by Davide Pio, DRE #01522969 • BCRE

$1,900,000

Est. payment - /mo

9,392 SqFt

Save Virtual Tour

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 9,392 sqft

Price per Sqft $202

MLS Listing ID CC41088776

Year Built 1949

Lot Size 9,392 Sqft

Property Sub-Type Commercial Property

Source Contra Costa Association of Realtors

Property Description

Cap Rate - 5.25% (Current) | GRM - 11.62 (Current) vs Cap Rate - 8.10% (Proforma) | GRM - 8.41 (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.

Location

State CA

County Contra Costa

Area El Cerrito

Zoning TOHI

Interior

Flooring Concrete

Exterior

Exterior Feature Concrete, Other

Parking Features Common Parking - Private

Garage Spaces 17.0

Roof Type Rolled Composition

Building

Story One Story

Others

Tax ID 502-232-013-8

Special Listing Condition Not Applicable

Virtual Tour https://my.matterport.com/show/?m=YwcgZfZ8TS1&brand=0&mls=1&

Read Less Info

Nearby School & Business

Get More Information

JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

Quick Search

1600 Kearney St El Cerrito, CA 94530

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information