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    435 23Rd St

    Richmond, CA 94804
    • $1,600,000
    • STATUS: Active
    • ON SITE: 225 days
    • ID#: 40928751
    $1,600,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,980
      SQFT
    • $268
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1945
    County:

    School Ratings & Info

    Description

    This property is being sold together with 445 and 457 23rd Street (see the separate listings) for the full price of $1,600,000. Great development opportunity, for owner/user, or investor. Property can be delivered vacant at close of escrow subject to any COVID 19 eviction restrictions that might apply or used to produce reliable income. Decent income producer with approx 5% CAP rate and room for rent increases. The 3 lots provide approximately 19,687 sf of land on a major thoroughfare. This is the largest lot and includes a building housing a grocery store and part of an auto repair business. The three (3) businesses straddle the lot lines. Per the City of Richmond, the ZONING for these 3 parcels is CM-5 Commercial Mixed-Use, Activity Center. This district is intended for mid- and high-rise mixed-use development at major activity centers (i.e., Richmond Civic Center, BART, AMTRAK, KAISER HOSPITAL). Office, retail, entertainment and residential uses are allowed.

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    Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-06-23T23:41:50.117.

    www.eastbaypropertyfinder.com/homes/111765185
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    435 23Rd St Richmond, CA 94804

    • Price: $1,600,000
    • Status: Active
    • ID#: 40928751
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    5,980
    SQFT
    $268
    $/SQFT
    1945
    Built
    Neighborhood:
    Central Richmond
    County:
    Contra Costa
    Area:
    Richmond - North & East
    Property Description
    This property is being sold together with 445 and 457 23rd Street (see the separate listings) for the full price of $1,600,000. Great development opportunity, for owner/user, or investor. Property can be delivered vacant at close of escrow subject to any COVID 19 eviction restrictions that might apply or used to produce reliable income. Decent income producer with approx 5% CAP rate and room for rent increases. The 3 lots provide approximately 19,687 sf of land on a major thoroughfare. This is the largest lot and includes a building housing a grocery store and part of an auto repair business. The three (3) businesses straddle the lot lines. Per the City of Richmond, the ZONING for these 3 parcels is CM-5 Commercial Mixed-Use, Activity Center. This district is intended for mid- and high-rise mixed-use development at major activity centers (i.e., Richmond Civic Center, BART, AMTRAK, KAISER HOSPITAL). Office, retail, entertainment and residential uses are allowed.
    Exterior Features

    Exterior Wood FrameSiding - Wood Garage Or Parking Private LotRoom For Truck ParkingStreet ParkingOpenPrivate General Desc Of Property Lot With improvements. Location Business DistrictMid-BlockBart NearbyCityCommercialFree StandingFreeway NearbyHospital NearbyNeighborhoodNeighborhood CommercialResidential AreaRestaurant Nearby Parking Spaces Total 6 Roof Rolled Composition

    Property Features

    Annual Act Expense 23064 Annual Actual Net Income 82620 Annual Expense Year 23064 Annual Taxes 13632 Building Type Comm Ind For Sale Financial Data Source Owner Gross Oper Actual Inc 23064 Local Government Neighborhood ApprovalType Of Business AllowedUse Permit Miscellaneous Fenced YardFree Standing BuildingMonth To MonthPaved YardSmoke DetectorRestroom(S)-PrivateSecurity Fence Net Operating Income 82620 Other Annual Expense 0 Point Of Sale Ordinance Yes Present Use Grocery Store. Primary Use Retail Reports Environmental Hazards RptPreliminary Title ReportRental/Lease Agreement Special Information Offer As Is Tenant Expenses ElectricGasGrounds MaintenanceInterior MaintenanceJanitorialLiability InsuranceSite MaintenanceTrashWaterMaintenance Tot Bldg Sq Ft 5980 Total Annual Operating Expenses 23064 Utilities ElectricGasHot WaterPublic SewerPublic WaterAll Public Zoning Cm-5

    Listing courtesy of Lynson Beaulieu of Feagley Realtors.


    Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-06-23T23:41:50.117.

     
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