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    840 Morton Ave Richmond, CA 94806

    For Sale
    $3,000,000

    3.19-acre commercial land, prime location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 3.19-acre industrial/commercial development site presents a unique investment opportunity in North Richmond, CA, at 840 Morton Ave. The property boasts a strategic location, bordered to the west by the Union Pacific Railroad, offering convenient freight access, and beyond that, the scenic Point Pinole Regional Park and San Pablo Bay. To the east and south, the site is surrounded by established light industrial properties, including a significant distribution center. The northern boundary abuts a residential community, Parchester Village, providing a blend of commercial and residential proximity. Currently on the site is a 5,513 square foot warehouse equipped with robust 200 amp, 440v, 3-phase electrical service, providing immediate utility. While this existing structure offers potential for immediate use or redevelopment, the expansive acreage allows for significant future development. It's important to note two easements: a 60-foot wide easement along the northern boundary for PG&E, restricting permanent structures in that area, and a 16.5-foot wide easement along the western boundary for Kinder Morgan's underground pipeline. All measurements are sourced from public records

    Property Features for 840 Morton Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    138,956 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.3558
    Latitude
    37.98202

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    FAQs

    What type of property is this?
    Commercial real estate - 3.19-acre commercial land, prime location
    Where is this commercial real estate located?
    The property is located at 840 Morton Ave Richmond, CA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    (510) 292-2000
    Request Owner's contact information
    840 Morton Ave Richmond, CA 94806
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    Richmond, CA 94806
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    840 Morton Ave Richmond, CA 94806
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