1200 Chesley Ave Richmond, CA 94801

This exceptional investment opportunity presents a 16,200 square foot heavy industrial warehouse building situated on a 0.88-acre lot in Richmond, California (APN: 410-021-001-4). The property, built in 1959, features two single-story buildings with 18-foot ceilings and boasts a rare Industrial Mixed Use (IMU) zoning designation. Previously utilized as a foundry, this zoning allows for a diverse range of heavy industrial uses without the need for a Conditional Use Permit (CUP), saving significant time and expense for future owners or tenants. The property includes approximately 15,000 square feet of warehouse space and 1,200 square feet of office space, equipped with multiple step-downs, submeters, seven bridge and swing arm/jib cranes, and seven grade-level doors for convenient access. The asking price is $2,250,000, representing a price per square foot of $138.89 and a pro-forma cap rate of 6.61% with a pro-forma NOI of $148,742. Its prime location in the East Bay provides easy access to major transportation arteries, railways, and ports, making it an ideal location for a variety of heavy industrial operations. The spacious fenced lot adds to the property's versatility and appeal. This is a value-add opportunity suitable for owner-users or investors seeking a strong return on investment in a highly desirable location.