1019 Solano AveAlbany, CA 94706

Property Details for 1019 Solano Ave

Year built

1988

Construction

WOOD

Lot size

0.06 AC

Property size (Sq ft)

2,157 SF

Property type

Office buildings

APN

66-2790-16

APU

66279016

Description

This exceptional retail property at 1019 Solano Ave in Albany, CA, presents a compelling investment opportunity. The 2,157 square foot building, situated on a 2,500 square foot lot, is zoned SC (Solano Commercial District) and offers significant potential for a variety of commercial uses. Currently configured with three units, each featuring its own bathroom, the property boasts a strong price per square foot of $411.68. The land value alone commands $463 per square foot, reflecting the desirability of this prime location within the vibrant Solano Avenue commercial district. The second-floor unit will be delivered vacant upon occupancy on August 6, 2024, providing immediate flexibility for new tenants or owner-occupancy. The property's location in Alameda County, CA, zip code 94706, offers excellent visibility and accessibility. With its versatile layout and strong location, this property is ideal for savvy investors seeking a high-return asset or owner-users looking to establish a thriving business. The APN is 66-2790-16. This is a single-building property.

• CAP approach

  CAP return

  Valuation

  6%

  $591,773

  6.5%

  $546,252

  7%

  $507,234

• Comparable approach

  Method

  Valuation

  Relative Method

  $395,802

  Geo Method

  $601,609

• Alternative Use

  Use

  Valuation

  Residential

  $677,352

  Hospitality

  $620,451

  Educational

  $516,208

  Medical

  $533,961

  Retail

  $802,990

Location Insight

City

Albany

County

Alameda

State

California

Latitude

37.8903

Longitude

-122.3

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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