511 3Rd StRodeo, CA 94572

Property Details for 511 3Rd St

Year built

1934

Lot size

0.17 AC

Property size (Sq ft)

8,472 SF

Zone code

P-1

Property type

Retail properties

Property subtype

Retail space

APN

357-081-021-2

APU

3570810212

Description

This exceptional commercial property located at 511 3rd Street, Rodeo, CA, presents a unique investment opportunity. The 8,472 square foot building sits on a 0.17-acre lot (7,500 square feet) and boasts a rich history, having served as a cornerstone of the local business community since 1934. Last sold in 1976, this property is now available for purchase at $2,495,000. Currently occupied by Third Street V-Twin Parts, a well-established business specializing in Harley-Davidson parts and accessories, including a machine shop with front-end machining capabilities, the building offers a strong foundation for continued success in its current configuration. The property also includes a substantial residential unit, featuring three bedrooms and one bathroom. This living space has been recently updated with new kitchen appliances and a full laundry room, providing ample space for on-site living or potential rental income. The property further benefits from full roof access, presenting additional development possibilities. Whether you envision continuing the existing business, utilizing the residential space, or undertaking a complete repurposing of the building, this property offers unparalleled potential in a prime Rodeo location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,764,665

  6.5%

  $3,475,075

  7%

  $3,226,856

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,486,804

  Geo Method

  $5,954,572

• Alternative Use

  Use

  Valuation

  Residential

  $2,931,356

  Hospitality

  $2,685,106

  Educational

  $2,233,977

  Medical

  $2,310,807

  Retail

  $3,475,075

Location Insight

City

Rodeo

County

Contra Costa

State

California

Latitude

38.0342

Longitude

-122.268

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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