This exceptional investment opportunity presents three commercial buildings situated on a 0.67-acre lot at the highly visible corner of San Pablo Avenue and Appian Way in Pinole, CA. The property boasts a diverse income stream generated by a well-established liquor store and two office buildings. One office building comprises four units, while the other offers eight units, providing a total of twelve individual rental spaces. Ample parking is available with 27 shared spaces supplemented by convenient street parking. This prime location ensures consistent high traffic throughout the day, maximizing rental potential and tenant occupancy. The buildings were constructed in 1971, 1975, and 1979, according to public records. This established property offers a strong foundation for immediate income generation and long-term growth. The asking price is $2,195,000. Interested parties should proceed through appropriate channels to arrange property access. Please respect the privacy of current tenants and refrain from direct contact. This is a rare chance to acquire a well-positioned, multi-building commercial property in a thriving area. The property's diverse tenant mix and high visibility make it an attractive investment for both seasoned and emerging commercial real estate investors. The substantial parking provision further enhances the property's appeal and functionality.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,088,072
6.5%
$1,004,374
7%
$932,633
Comparable approach
Method
Valuation
Relative Method
$727,746
Geo Method
$1,106,157
Alternative Use
Use
Valuation
Residential
$1,245,424
Hospitality
$1,140,802
Educational
$949,134
Medical
$981,776
Retail
$1,476,430
Location Insight
City
Pinole
County
Contra Costa
State
California
Latitude
38.0039
Longitude
-122.298
CBSA code
41860
CBSA name
SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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