6275 Thornton AveNewark, CA 94560

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

Medical offices

Property subtype

Medical centers

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.

• CAP approach

  CAP return

  Valuation

  6%

  $678,042

  6.5%

  $625,885

  7%

  $581,179

• Comparable approach

  Method

  Valuation

  Relative Method

  $461,340

  Geo Method

  $320,189

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,311,980

  Retail / Commercial

  $657,162

  Mixed-Use / Specialty

  $642,516

  Hospitality / Lodging

  $455,376

  Institutional / Educational

  $663,561

  Residential Income

  $776,366

  Multifamily

  $999,338

  Automotive / Energy

  $568,767

  Parking / Income-Based Land

  $208,430

  Restaurant / Food Service

  $307,921

  Healthcare / Senior Housing

  $671,505

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

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