1019 Solano AveAlbany, CA 94706
- Office properties
- 2,157 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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