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1321 Park St Alameda, CA, 94501
$3,300,000 Commercial for sale Other
We are pleased to present this unique commercial property in the center of Downtown Alameda. The property consists of 3 strong performing retail stores with prime Park street frontage and 10 dormitory style SRO units above. The residential units share a coin operated laundry site, kitchenette space, and 4 bathrooms. The shared lounge area could be updated or converted into an office rental, bathroom, extra unit, or storage space for additional income. The 3 retail tenants are on year 2 of their 5 year NNN leases with 3-5% increases per year and option periods of 5 years. The centralized downtown Alameda location is within a 5 minute walk to many of the city's new and historic businesses, restaurants, landmarks, and cafes making it a near perfect location with a walk score of 98. Robust foot and vehicle traffic counts over 25,000 per day provides excellent business for retail tenants while easy access to BART stations makes this property a convenient location for commuters into the greater Bay Area. The property is currently operating at a 6.19% cap rate with actual and realistic expenses included. With moderate improvements a savvy investor could reap the benefits of a realistic pro forma 8% cap rate. Contact our team to see favorable financing options and start cash flowing this
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Property details
7,328 sqft interior area
Land area
6,403 sqft (0.15 acres)
Days on Verhouse
43
Address
1321 Park St, Alameda, CA, 94501
City of California
Alameda
County
Alameda
Year Built
1910
District
Listing
Nearby major retailers
Costco
Public Storage
CVS Pharmacy
Safeway
Trader Joe's
Safeland Super Market
Kohl's
Whole Foods Market
Pet Food Express
Shell
Petco
TJ Maxx
The Home Depot
AT&T
T-Mobile
O'Reilly Auto Parts
MetroPCS
Walmart
7-Eleven
Ross
AutoZone
Chevron
Dollar Tree
GameStop
Verizon Wireless
Pet food express
Nordstrom
7-eleven
Supercuts
Chevron Food Mart
GNC
General: 1
Storage rental: 2
Chemist: 1
Supermarket: 6
Greengrocer: 3
Department store: 7
Pet: 5
Convenience: 12
Do it yourself: 3
Mobile phone: 11
Car parts: 8
Variety store: 2
Video games: 1
Hairdresser: 1
Nutrition supplements: 1
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Interior Features
—
Garage & Parking
None
Listed by
Austin Longwell, West Shores Realty, Inc.
Name
Austin Longwell
License number
02036524
Brokerage company
West Shores Realty, Inc.
MLS #
CRSB24064103
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Calculate your monthly payments
Mortgage
$10,132
Taxes
$0
HOA dues
$0
Mortgage
$660,000 / 20%
2.28%
30 years
Your amount
$10,132 / month
Lot details
TMK #0710205006
Parcel nr.
0710205006
94501 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 94501
45%
Families with children
National average: 39%
41%
Non family households
374,186
Population
$101,017
Average Income
Age & gender
Median age 38 years
More info
Commute types
61% commute by car
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Education level
27% have bachelor education
More info
Number of employees
3% work in education and healthcare
More info
Vehicles available
43% have 1 vehicle
More info
Vehicles by gender
43% have 1 vehicle
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Housing market insights for
$925.1k
Neighborhood average
sales price*
sales price*
$831k
Neighborhood median
sales price*
sales price*
423
Number
of sales*
of sales*
Housing type
35% are single detacheds
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Rooms
40% of the houses have 4 or 5 rooms
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Bedrooms
57% have 2 or 3 bedrooms
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Owners vs Renters
60% are renters
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18.33 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
New Listing Apr 1, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 1, 2024 | New Listing | $3,300,000 | 0 | MLS #CRSB24064103 |
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Frequently Asked Questions about 1321 Park St
What is 1321 Park St?
1321 Park St is a Commercial/Industrial propertywith 7,328 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1321 Park St, Alameda, CA, 94501.
What comparable properties are nearby?
Comparable nearby commercial properties include 1427 Park St, 2317 Santa Clara Ave, 2151 Lincoln Ave, 2060 San Antonio Ave, 1815 San Antonio Ave, 1429 High St.
Based on information from the bridgeMLS as of 05-12-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Apr 07, 2024
Verhouse Last checked 4 minutes ago
The closest grocery stores are Alameda Natural Grocery, 0.39 miles away and Safeway, 0.54 miles away.
The 94501 zip area has a population of 374,186, and 45% of the families have children. The median age is 38.41 years and 61% commute by car. The most popular housing type is "single detached" and 60% is renter.
