19 Randwick AveOakland, CA 94611

Property Details for 19 Randwick Ave

Lot size

0.12 AC

Property type

Auto shops

APN

9-703-2

APU

97032

Description

This exceptional 5,750-square-foot commercial property, located at 19 Randwick Avenue in Alameda County, presents a unique investment or leasing opportunity. The single-story, freestanding building boasts a desirable location at the signalized intersection of Broadway and Piedmont Avenue, ensuring high visibility and accessibility. The building itself is a charming, historic structure dating back to the 1930s, featuring an attractive exposed brick facade and double roll-up garage doors, perfect for businesses requiring easy loading and unloading. Inside, the space offers high ceilings and abundant natural light, creating a bright and inviting atmosphere. The 5,100 square foot main floor is complemented by a 650-square-foot mezzanine, providing additional space for various uses. One restroom is conveniently located within the building. Its versatile layout makes it ideal for a range of businesses, including fitness centers, coworking spaces, restaurants, service providers, or retail establishments. The property benefits from its proximity to major grocery stores like Sprouts Farmers Market and Grocery Outlet, situated within a thriving area densely populated with retail, business, and residential properties, ensuring a large and diverse customer base. This property is available for both purchase and lease. The high-traffic location and unique character of this building make it an exceptional opportunity for a discerning buyer or tenant.

• CAP approach

  CAP return

  Valuation

  6%

  $2,117,228

  6.5%

  $1,954,364

  7%

  $1,814,767

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,343,908

  Geo Method

  $3,654,837

• Alternative Use

  Use

  Valuation

  Residential

  $1,648,580

  Hospitality

  $1,510,090

  Educational

  $1,256,377

  Medical

  $1,299,586

  Retail

  $1,954,364

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.8207

Longitude

-122.26

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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