This exceptional mixed-use property at 1820 Park Street in Alameda, California presents a unique investment opportunity. The building boasts a total of 4,485 square feet of leasable space, strategically divided to maximize functionality and income potential. The ground floor features a 2,532 square foot ADA-accessible retail or office storefront, perfect for a variety of businesses. Above the storefront are two residential units, providing a lucrative work/live option or separate rental income streams. Recently renovated, the property showcases meticulous design, highlighted by high ceilings, expansive windows, and skylights that flood the space with natural light. Fine finishes create a sophisticated and tranquil atmosphere, ideal for both commercial and residential occupants. Situated in the vibrant Park Street Business District, this high-visibility property benefits from excellent foot traffic and convenient access. Its location, just a block from the Park Street Bridge, ensures easy access to major transportation routes. The NP-G (North Park Street Gateway) zoning allows for a diverse range of uses, including retail, office space, cafes, galleries, and personal service businesses, offering considerable flexibility for future development and tenant acquisition. The property is available for both sale and lease, presenting a compelling investment opportunity for discerning buyers and tenants alike. The 0.06-acre lot provides ample space for outdoor activities or potential expansion. This is a rare chance to acquire a meticulously renovated, high-demand property in a thriving Alameda location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,188,140
6.5%
$1,096,745
7%
$1,018,406
Comparable approach
Method
Valuation
Relative Method
$1,456,594
Geo Method
$1,229,993
Alternative Use
Use
Valuation
Residential
$925,145
Hospitality
$847,428
Educational
$705,050
Medical
$729,298
Retail
$1,096,745
Location Insight
City
Alameda
County
Alameda
State
California
Latitude
37.7694
Longitude
-122.238
CBSA code
41860
CBSA name
SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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