For Sale
$3,288,000

2221 Railroad Ave Pittsburg, CA 94565

High-yield, 12-unit commercial property.

Overview

Added:
Feb 3
Days on market:
81
This exceptional investment opportunity presents a 12-unit commercial property situated on a 0.66-acre lot at 2221 Railroad Ave in Pittsburg, CA. Priced at $3,288,000, this property offers a compelling 8% capitalization rate, driven by a stable tenant base primarily comprised of service-oriented businesses. Eleven of the twelve units are currently rented, with the remaining unit utilized for storage, presenting a potential for immediate additional income. Tenants are responsible for all interior maintenance and repairs, minimizing owner responsibilities. Annual rent and CAM charges experience a consistent 4-4.5% yearly increase, ensuring a steadily growing return on investment. The property enjoys a high occupancy rate and benefits from a prime location on a busy thoroughfare, adjacent to a Starbucks and in close proximity to major freeway access, schools, and BART. This value-added investment is poised for continued success, offering a strong foundation for long-term growth and profitability. The property's strategic location and stable tenancy make it an attractive proposition for discerning investors seeking a reliable and high-yielding asset. The current owner's proactive management has established a solid foundation for future success.

Property Details for 2221 Railroad Ave

Property type
Commercial real estate
Year Built
1989
Lot Size (sq. ft)
28,750 SF

Location Insight

City
Pittsburg
County
Contra Costa
State
California
Latitude
38.0136
Longitude
-121.8899

FAQs

What type of property is this?
Commercial real estate - High-yield, 12-unit commercial property.
Where is the commercial real estate located?
The property is located at 2221 Railroad Ave Pittsburg, CA.
What is the asking price?
The asking price for this property is $3,288,000.
How can I contact the broker?
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2221 Railroad Ave
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