840 Morton AveRichmond, CA 94806

  • Industrial properties
  • 5,513 SF
For Sale
$3,000,000 View listing

Property Details for 840 Morton Ave

Year built
1962
Lot size
3.19 AC
Property size (Sq ft)
5,513 SF
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
408-060-009-3
APU
4080600093

Description

This exceptional 3.19-acre industrial/commercial development site presents a unique investment opportunity in North Richmond, CA, at 840 Morton Ave. The property boasts a strategic location, bordered to the west by the Union Pacific Railroad, offering convenient freight access, and beyond that, the scenic Point Pinole Regional Park and San Pablo Bay. To the east and south, the site is surrounded by established light industrial properties, including a significant distribution center. The northern boundary abuts a residential community, Parchester Village, providing a blend of commercial and residential proximity. Currently on the site is a 5,513 square foot warehouse equipped with robust 200 amp, 440v, 3-phase electrical service, providing immediate utility. While this existing structure offers potential for immediate use or redevelopment, the expansive acreage allows for significant future development. It's important to note two easements: a 60-foot wide easement along the northern boundary for PG&E, restricting permanent structures in that area, and a 16.5-foot wide easement along the western boundary for Kinder Morgan's underground pipeline. All measurements are sourced from public records

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,731,221
    Hospitality
    $1,585,789
    Educational
    $1,319,358
    Medical
    $1,364,733
    Retail
    $2,052,335
840 Morton Ave, Richmond, California

Location Insight

City
Richmond
County
Contra Costa
State
California
Latitude
37.9819
Longitude
-122.357
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
2024
$5,879
$134,205
$78,297
$212,502
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