Prime Investment Opportunity! This stunning Mixed-Use Property on two parcels boasts a thriving Fitness Center on the first floor and mezzanine level, offering a secure income stream with a long-term lease until May 31, 2027, plus a 5-year lease extension option. The first level offers very large sidewalk side windows with high ceilings and wood floors. It also includes an ADA rest room and a shower. With spacious residential units on the second floor, including a mix of 2-bedroom/2-bath, 2-bedroom/1-bath, and 1-bedroom/1-bath layouts, this property offers diverse rental income potential. The units are in very good condition and have been renovated over the years. The first floor offers the residential tenants a co-op washer and dryer. Don't miss the chance to invest in this property's expansive basement and convenient rear parking spaces accessed from Oak Street. The location is something that makes this property very special. It is near City Hall, the city parking structure, the historic Alameda Theater, along with many restaurants and retail spaces.
MLS #
BE41064769
MLS Source
Bay East
Days on Site
174
Parking Spaces
6
Present Use
Retail
Utilities
Water - Public
Flooring
Carpet - Wall to Wall, Concrete, Linoleum, Other, Wood
Roof
Other
Sewer
Public Sewer
Water
Public
Zoning
Comm
Listing Agent
Rich Krinks
BHHS Drysdale Properties
License #: 01095444
Phone: (510) 381-3434
Co-Listing Agent
Buffie Choi
License #: 01359103
Phone: (510) 919-2950
is a Commercial Sale in Alameda, CA 94501. This 7,840 square foot property sits on a 10,379 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,920,000 and was built in 1900.
This address can also be written as , Alameda, CA 94501.©2024 Bay East. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Bay East.
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This listing information is up-to-date as of November 27, 2024. For the most current information, please contact Rich Krinks, (510) 381-3434