El Cerrito, CA 94530
El Cerrito, CA 94530,Video Tour
El Cerrito, CA 94530
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John R Thompson

John R Thompson

+1(805) 796-5221
Listed by Davide Pio • BCRE
$1,450,000
Est. payment /mo
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Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 01-41088776

Year Built 1949

Annual Tax Amount $24,147

Source California Regional Multiple Listing Service (CRMLS)

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.

Location

State CA

County Contra Costa

Zoning TOHI

Others

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John R Thompson

John R Thompson

+1(805) 796-5221

Broker/Owner | License ID: 01200900

Broker/Owner License ID: 01200900

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