1820 Park StAlameda, CA 94501

Property Details for 1820 Park St

Year built

1962

Construction

TILT-UP CONCRETE

Lot size

0.06 AC

Property size (Sq ft)

1,750 SF

Property type

Retail properties

Property subtype

Auto shops

APN

70-193-21

APU

7019321

Description

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.

• 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

Property Tax & Assessments

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