For Sale
$3,500,000

1333 Grand Ave Piedmont, CA 94610

High-yield, mixed-use property in Piedmont, CA.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional mixed-use investment opportunity presents a 5,606 square foot building situated on Grand Avenue in the affluent city of Piedmont, California. Boasting a 6.20% cap rate and a strong NOI of $217,172, this stabilized property is currently 100% occupied by four tenants under net leases. The building features two stories and benefits from annual rent increases. Located on a highly trafficked thoroughfare (approximately 15,800 vehicles daily), this property offers excellent visibility and accessibility. The tenants include a diverse mix of businesses, including dental practices, a ballet studio, and a Brazilian Jiu Jitsu academy. This is a rare chance to acquire a high-quality mixed-use asset in one of the Bay Area's most desirable communities, with an average household income exceeding $250,000. The property is one of only 19 commercially zoned buildings within Piedmont's city limits, making it a truly unique investment opportunity. The asking price is $3,500,000, translating to a price per square foot of $624.33. This property offers stable income and significant long-term value potential. The address is 1333 Grand Ave, Piedmont, CA 94610.

Highlights

  • Rare mixed-use investment opportunity in prestigious Piedmont, CA.
  • Fully leased to a diverse tenant mix including dental practices, a ballet studio, and a Brazilian Jiu Jitsu academy.
  • Leases feature annual rent increases.
  • High visibility location with excellent frontage on Grand Avenue.
  • One of only 19 commercially zoned buildings in Piedmont.

Property Details for 1333 Grand Ave

Property type
Retail properties, Office properties
Square Feet
5,606 SF
Stories
2

Location Insight

City
Piedmont
County
Alameda
State
California
Latitude
37.8206876
Longitude
-122.2444506

FAQs

What type of property is this?
Retail property - High-yield, mixed-use property in Piedmont, CA.
Where is the retail property located?
The property is located at 1333 Grand Ave Piedmont, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Rare mixed-use investment opportunity in prestigious Piedmont, CA.; Fully leased to a diverse tenant mix including dental practices, a ballet studio, and a Brazilian Jiu Jitsu academy.; Leases feature annual rent increases.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1333 Grand Ave
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