3563 San Pablo Dam RdRichmond, CA 94803

Property Details for 3563 San Pablo Dam Rd

Year built

1956

Construction

CONCRETE

Lot size

0.57 AC

Property size (Sq ft)

9,600 SF

Property type

Office buildings

APN

420-022-007-9

APU

4200220079

Description

This exceptional 1-story, 1-building commercial property located at 3563 San Pablo Dam Rd, El Sobrante, CA 94803, is offered at $2,250,900. Situated in Contra Costa County, this versatile property presents a unique investment opportunity for owner-users. Previously utilized as a car dealership, real estate office, and church rental space, its adaptability is evident. Existing plans and permits are in place for a grocery store with a hot food area (restaurant), streamlining the development process. Significant groundwork has already been completed, including plumbing and partial electrical work, along with initial buildouts for bathrooms, a walk-in refrigerator, and a walk-in freezer. The property benefits from a recently installed roof (within the last year), minimizing immediate maintenance concerns. The large open space offers considerable flexibility for various commercial ventures. This property is ideal for a 1031 exchange. The property's location in Richmond, California offers excellent access to major transportation routes and a thriving community. Don't miss this chance to acquire a ready-to-develop commercial property with a proven track record of diverse usage.

• CAP approach

  CAP return

  Valuation

  6%

  $2,633,760

  6.5%

  $2,431,163

  7%

  $2,257,508

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,761,565

  Geo Method

  $2,677,536

• Alternative Use

  Use

  Valuation

  Residential

  $3,014,642

  Hospitality

  $2,761,396

  Educational

  $2,297,449

  Medical

  $2,376,462

  Retail

  $3,573,810

Location Insight

City

Richmond

County

Contra Costa

State

California

Latitude

37.9643

Longitude

-122.32

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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