1429 High St Alameda, CA 94501

This exceptional commercial property, situated at 1429 High Street in Alameda, California, presents a compelling investment opportunity. Spanning 0.15 acres, the building boasts a highly desirable location directly across from Lincoln Park, ensuring excellent visibility and accessibility. Its position on a major bus line eliminates the need for additional parking, a significant advantage in today's market. The property is currently generating a reliable income stream thanks to a long-term tenant base, making it an attractive option for investors seeking stable returns. However, the property also offers significant development potential. With an allowable height limit of 45 feet, the site presents possibilities for expansion or redevelopment, subject to all applicable city regulations and approvals. The building itself is historic, although not officially listed on Alameda's historical buildings register. Its proximity to local amenities, such as the Encinal Market, further enhances its appeal. Prospective buyers are strongly encouraged to conduct their own due diligence to verify all potential agency requirements and restrictions before making an offer. This includes, but is not limited to, confirming zoning regulations, building codes, and any other relevant factors impacting the property's use and development potential. The asking price for this unique property is $1,850,000.