5800 Christie AveEmeryville, CA 94608

Property Details for 5800 Christie Ave

Year built

1968

Construction

TILT-UP CONCRETE

Lot size

0.79 AC

Property size (Sq ft)

15,063 SF

Property type

Retail properties

Property subtype

Retail space

APN

49-1493-7-4

APU

49149374

Description

This exceptional 0.79-acre commercial property, located at 5800 Christie Ave in Emeryville, California (zip code 94608), presents a significant redevelopment opportunity for owner-users. The asking price is $8,950,000. The site boasts a highly visible 16,000 square-foot building constructed in 1968, situated at a signalized intersection just one block from Interstate 80, Amtrak, and the Public Market. Its strategic location, 2.3 miles from the Bay Bridge toll plaza, ensures maximum exposure. The property features flexible zoning, allowing for a diverse range of uses including mixed-use, multi-residential, assisted living, office, hotel, retail, and cannabis sales. The existing building provides immediate income potential while offering the possibility of substantial vertical development. The Transit Hubs (TH) Overlay and Mixed Use with Residential (MUR) zoning make this an ideal location for a high-density project. The property includes 33 parking spaces. The seller is open to considering offers with expedited closing timelines and potentially reduced pricing for quicker transactions and shorter due diligence periods. The site's proximity to numerous ongoing vertical developments in Emeryville, a preferred location for retailers and life science companies, further underscores its investment potential. SBA financing is available for owner-users.

• CAP approach

  CAP return

  Valuation

  6%

  $5,936,407

  6.5%

  $5,479,760

  7%

  $5,088,349

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,225,331

  Geo Method

  $10,587,078

• Alternative Use

  Use

  Valuation

  Residential

  $4,622,383

  Hospitality

  $4,234,078

  Educational

  $3,522,703

  Medical

  $3,643,854

  Retail

  $5,479,760

Location Insight

City

Emeryville

County

Alameda

State

California

Latitude

37.839

Longitude

-122.294

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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