6275 Thornton AveNewark, CA 94560

  • Healthcare properties
  • 1,148 SF
For Sale
$1,350,000 View listing

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
6275 Thornton Ave, Newark, California

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

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
2023
$5,207
$82,787
$303,553
$386,340
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-
-
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