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    2923 Macdonald Ave Richmond, CA 94804

    Sponsored
    For Sale
    $699,000

    High-traffic location, four units, vacant lot.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional investment opportunity presents a 4,000 square foot commercial building situated on a 0.12-acre lot at 2923 Macdonald Avenue in Richmond, California. The property is zoned CM-3 Commercial Mixed-Use/Commercial, providing significant flexibility for a variety of uses. The building comprises four individual units, each equipped with its own gas meter, offering convenient utility management and potential for separate leasing arrangements. A significant advantage is the inclusion of a vacant lot, providing ample parking – a rare commodity in this high-traffic area. The property benefits from consistent pedestrian and vehicular traffic, ensuring high visibility and accessibility for any business. While requiring some updating and renovation, this property presents a remarkable chance to add value and create a thriving commercial hub. The existing structure offers a solid foundation for a creative vision, allowing for diverse business ventures to flourish. The combination of multiple units, separate utilities, and the added benefit of a vacant lot makes this a truly unique and compelling investment opportunity in a prime Richmond location. Don't miss this chance to acquire a property with substantial upside potential. Serious inquiries only.

    Property Features for 2923 Macdonald Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1946
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.3406
    Latitude
    37.935

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, four units, vacant lot.
    Where is this commercial real estate located?
    The property is located at 2923 Macdonald Ave Richmond, CA.
    What is the asking price?
    The asking price for this property is $699,000.
    (510) 724-0700
    Request Owner's contact information
    2923 Macdonald Ave Richmond, CA 94804
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    Richmond, CA 94804
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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
    2923 Macdonald Ave Richmond, CA 94804
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