1600 Kearney St El Cerrito, CA 94530
Mixed-use property with investment and development potential in El Cerrito.
Lot size:
0.45 AcresProperty Features for 1600 Kearney St
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.45 Acres
Building Details
- Year built
- 1949
Source:
Elliman
Listing Agency: BCRE Listing Agent: Davide Pio
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
El Cerrito Mixed-Use Investment
Located in the East Bay, 1600 Kearney in El Cerrito is a mixed-use property with investment and development potential. The property, formerly home to Cerrito Printing, has the power to support a significant workload. Currently, the building is divided into four separate suites of varying sizes, all occupied by long-term tenants. The property is suitable for a variety of buyers, including an owner-user who could occupy some or all of the space while retaining rental income. An investor could also acquire the building and bring rents to market rates. The TOHIMU zoning allows for 45+ units per acre. The building is within two miles of both El Cerrito Del Norte and El Cerrito Plaza BART stations, and Highway 80. Oakland and San Francisco, including their respective airports, are within a 10-to-25 mile distance. The current Cap Rate is 5.30% and the GRM is 11.54, with a Proforma Cap Rate of 8.10% and a GRM of 8.41.
Location Intelligence
Current Use by Public Records
Mixed-use properties
Location Insight
- Map
- Local Demand
- City
- El Cerrito
- County
- Contra Costa
- State
- California
- Longitude
- -122.3141392
- Latitude
- 37.92132
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FAQs
What type of property is this?
Mixed-use property - Mixed-use property with investment and development potential in El Cerrito.
Where is this mixed-use property located?
The property is located at 1600 Kearney St El Cerrito, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: - Proforma Cap Rate of 8.10% and GRM of 8.41 offer significant investment upside.; - TOHIMU zoning allows for high-density development of 45+ units/acre.; - Versatile property suitable for owner-users seeking space with rental income or investors aiming to increase rents.
