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Listed by Davide Pio • BCRE
$ 2,250,000
Est. payment /mo
Active
1600 Kearney St El Cerrito, CA 94530
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 01-41088776
Year Built 1949
Annual Tax Amount $36,164
Property Description
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.
Location
State CA
County Contra Costa
Zoning TOHI
Others
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