1200 Chesley AveRichmond, CA 94801

Property Details for 1200 Chesley Ave

Year built

1959

Lot size

0.88 AC

Property size (Sq ft)

1,280 SF

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

410-021-001-4

APU

4100210014

Description

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.

Location Insight

City

Richmond

County

Contra Costa

State

California

Latitude

37.9545

Longitude

-122.358

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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