1019 Solano AveAlbany, CA 94706

  • Office properties
  • 2,157 SF
For Sale
$888,000 View listing

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
1019 Solano Ave, Albany, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,326
$195,878
$361,622
$557,500
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