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    445 23Rd St

    Richmond, CA 94804
    • $1,600,000
    • STATUS: Active
    • ON SITE: 186 days
    • ID#: 40928777
    UPDATED: 48 min ago
    $1,600,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 120
      SQFT
    • $13,333
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1944
    County:

    School Ratings & Info

    Description

    This property is being sold together with 435 and 457 23rd Street (see separate listings) for the full price of $1,600,000. Great development opportunity, good for owner/user, or investor. Property can be delivered vacant at close of escrow or used to produce reliable income. Decent income producer with approximate 5% CAP rate and room for rent increases. The 3 lots provide approximately 19,687 sf of land on a major thoroughfare. Per the public records, this lot includes a small 120 sf building and currently houses an auto repair business. In practice, the auto business shares building space with the grocery store. Per the City of Richmond, 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) to serve the community, residents and businesses. 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 2021-05-16T10:38:56.25.

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    445 23Rd St Richmond, CA 94804

    • Price: $1,600,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: 40928777
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    120
    SQFT
    $13,333
    $/SQFT
    1944
    Built
    Neighborhood:
    Central Richmond
    County:
    Contra Costa
    Area:
    Richmond - North & East
    Property Description
    This property is being sold together with 435 and 457 23rd Street (see separate listings) for the full price of $1,600,000. Great development opportunity, good for owner/user, or investor. Property can be delivered vacant at close of escrow or used to produce reliable income. Decent income producer with approximate 5% CAP rate and room for rent increases. The 3 lots provide approximately 19,687 sf of land on a major thoroughfare. Per the public records, this lot includes a small 120 sf building and currently houses an auto repair business. In practice, the auto business shares building space with the grocery store. Per the City of Richmond, 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) to serve the community, residents and businesses. 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 Small Building. Location Business DistrictMid-BlockBart NearbyCityCommercialFree StandingHospital NearbyNeighborhoodNeighborhood CommercialPublic Transport NearbyResidential AreaRestaurant Nearby Parking Spaces Total 20 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 Commercial Type Garage/AutoAuto DealerAuto ServiceCommercial/RetailGrocery Financial Data Source Owner Gross Oper Actual Inc 105684 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 Car Repair. Primary Use Retail Reports Environmental Hazards RptPreliminary Title Report Special Information Offer As Is Tenant Expenses ElectricGasGrounds MaintenanceInterior MaintenanceJanitorialLiability InsuranceSite MaintenanceTrashWaterMaintenance Tot Bldg Sq Ft 120 Total Annual Operating Expenses 23064 Utilities ElectricGasHot WaterPublic SewerPublic Water Zoning Cm-5

    Listing courtesy of Lynson Beaulieu of .


    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 2021-05-16T10:38:56.25.

     
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