$3,518,000
2221 Railroad Ave Pittsburg, CA 94565
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$3,518,000
Est. payment /mo
10,624 SqFt
UPDATED:
10/14/2024 08:24 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 10,624 sqft
Price per Sqft $331
MLS Listing ID 41046945
HOA Y/N No
Year Built 1989
Lot Size 0.660 Acres
Acres 0.66
Property Description
8% investment return cap rate. A value added investment opportunity (with 4%-4.5% annual rent and cam increasing every year). Very stable tenant base, most of units are occupied by service type tenants. Tenants are responsible for all interior maintenance and repair. High occupancy rate. Currently 12 units with 11 units are rented. the only vacant unit is used for storage. New owner may choose to rent it out for extra income. On major very busy street, next to Starbucks, close to freeway, schools, BART.
Location
State CA
County Contra Costa
Area Listing
Zoning cn
Interior
Fireplace No
Building
Lot Description Mid-Block, BART Nearby, City Lot, Commercial, Freeway Nearby
New Construction No
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Listed by Richard Mao • Promax Investment & Develop
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122