6275 Thornton AveNewark, CA 94560
- Healthcare properties
- 1,148 SF
Property Details for 6275 Thornton Ave
- Year built
- 1932
- Construction
- WOOD
- Lot size
- 0.16 AC
- Property size (Sq ft)
- 1,148 SF
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 92A-919-12-2
- APU
- 92A919122
Description
This exceptional commercial property presents a rare investment opportunity in the thriving city of Newark, California. Located at 6275 Thornton Avenue, this freestanding building boasts a rich history, having served as a medical clinic for the past four decades. This is the first time the property has been on the market in 40 years, presenting a unique chance for acquisition. The 1,148-square-foot building sits on a sizable 0.16-acre lot (approximately 7,000 square feet), offering significant potential for expansion or redevelopment. The existing structure features four patient rooms, a well-appointed reception area, a comfortable waiting room, a private office, a convenient kitchenette, and dedicated file storage. Ample on-site parking ensures easy access for patients and staff, a significant advantage given its location on Thornton Avenue. The property's long-standing presence in the community and its prime location make it an attractive proposition for a variety of uses. Whether you envision restoring the existing medical clinic or undertaking a complete redevelopment, this property offers a compelling blend of history, location, and potential. This is a chance to acquire a piece of Newark's legacy and shape its future. The asking price is $1,100,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $598,272
- 6.5%
- $552,251
- 7%
- $512,805
-
Comparable approach
- Method
- Valuation
- Relative Method
- $461,340
- Geo Method
- $320,189
-
Alternative Use
- Use
- Valuation
- Residential
- $684,792
- Hospitality
- $627,266
- Educational
- $521,878
- Medical
- $539,826
- Retail
- $811,810
Location Insight
- City
- Newark
- County
- Alameda
- State
- California
- Latitude
- 37.5349
- Longitude
- -122.033
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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