2070 Lincoln Ave Alameda, CA 94501

This Alameda commercial property, located at 2070 Lincoln Avenue, presents a unique investment opportunity. Currently configured as a two-unit building, it boasts a 0.13-acre lot. The main tenant, The Lincoln Market, occupies one unit on a month-to-month lease. The second unit is vacant, offering flexibility for an owner-user or conversion into a mixed-use development. Approved plans by the City Council exist for a 10-unit mixed-use building conversion, unlocking significant potential for future income and value appreciation. While the property shows some deferred maintenance, this presents a chance for value-add improvements through building upgrades and strategic tenant acquisition or lease renegotiation. The existing tenant provides immediate cash flow, while the vacant unit offers the opportunity to tailor the property to a specific business model or capitalize on the approved mixed-use conversion plans. This property is ideally situated in Alameda, offering excellent visibility and access to local amenities. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this property offers. The property is priced at $1,200,000.