Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1949
Sq.Footage
N/A
Cap Rate - 4.29% (Current) | GRM - 13.66 (Current) vs Cap Rate - 6.65% (Proforma) | GRM - 9.96 (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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
N/A
-
Heating YN
YES
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Concrete, See Remarks
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.45
-
Property Type
Commercial Sale
Price
-
Sales Price
$2,000,000
-
Tax Amount
36164.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
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Location
County
Contra Costa
Elementary School
Middle School
High School
Listing Courtesy of Davide Pio , BCRE
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