2414 Central AveAlameda, CA 94501

  • Office properties
  • 5,968 SF
For Lease

Property Details for 2414 Central Ave

Year built
2007
Construction
WOOD
Lot size
0.20 AC
Property size (Sq ft)
5,968 SF
Property type
Office properties
Property subtype
Office buildings
APN
70-185-3-1
APU
7018531

Description

This exceptional 1,518-square-foot retail space, located at 2414 A Central Avenue in Alameda County, presents a unique investment opportunity. The property is a single-tenant building, currently vacant and ready for immediate occupancy. The space boasts a fully built-out fitness area on the second floor, complete with a secured entry system, providing significant potential for a variety of uses. This adaptable layout offers flexibility for businesses seeking a turnkey solution. The inclusion of a dedicated outdoor patio adds considerable value, enhancing the overall appeal and functionality of the property. The building's 1,518 square feet are entirely vacant, allowing for complete customization to suit a tenant's specific needs and branding. The property's location in Alameda County offers excellent access to a thriving community and strong consumer base. This is an ideal opportunity for an owner-user or investor seeking a well-appointed retail space with significant potential for return. The second-floor fitness area, with its secured entry, presents a unique selling point, potentially attracting businesses in the health and wellness sector. The outdoor patio provides an additional amenity, perfect for creating a welcoming and engaging atmosphere for customers. The property's single-tenant status simplifies management and leasing, making it an attractive option for investors seeking a low-maintenance investment. The vacant status allows for immediate occupancy and customization, minimizing downtime and maximizing potential revenue. This property is ready for its next chapter.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,756,392
    6.5%
    $2,544,362
    7%
    $2,362,622
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,971,191
    Geo Method
    $1,664,535
  • Alternative Use

    Use
    Valuation
    Residential
    $3,155,009
    Hospitality
    $2,889,972
    Educational
    $2,404,422
    Medical
    $2,487,114
    Retail
    $3,740,212
2414 Central Ave, Alameda, California

Location Insight

City
Alameda
County
Alameda
State
California
Latitude
37.7637
Longitude
-122.242
CBSA code
41860
CBSA name
SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$30,280
$124,759
$2,008,780
$2,133,539
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FAQs

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