Mixed-Use Building with Retail
For Sale
Contact for pricing
Pending
1321 Park St, Alameda, CA 94501
Three retail stores and dormitory-style housing occupy a downtown Alameda property with shared residential amenities.
Property SizeContact for details
Days on Market143
Property Features for 1321 Park St
General Information
Standard status
Pending
Property subtype
Mixed Use
Site & Location
Traffic Count
14,000 vehicles/day
Road Access
Yes
Additional Details
Cap Rate
5.48%
Multifamily Units
10
Amenities
on-site laundry
kitchenette
Building Details
Tenancy
Multi
Listing Agency:
West Shores Realty
(626) 408-4420
Listed By:
Austin Longwell · License #CA 02036524
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 4:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of West Shores Realty
Investment Insights
Based on property information with market context.
This mixed-use property at 1321 Park St in Alameda combines three ground-floor retail stores with 10 dormitory-style residential units above. The residential component includes shared coin-operated laundry, kitchenette space, and four bathrooms. Three residential units are vacant, while one retail space is being remodeled by its tenant.
The retail component is leased on NNN terms with annual increases ranging from 3% to 5% and five-year option periods. The property has Park Street frontage in Downtown Alameda, surrounded by newer and historic businesses, with reported foot and vehicle traffic of 14,000 per day.
Current operations reflect a 5.48% cap rate based on actual expenses. The property comprises 13 units in total and offers a combination of retail and residential occupancy within a central Alameda setting.
The retail component is leased on NNN terms with annual increases ranging from 3% to 5% and five-year option periods. The property has Park Street frontage in Downtown Alameda, surrounded by newer and historic businesses, with reported foot and vehicle traffic of 14,000 per day.
Current operations reflect a 5.48% cap rate based on actual expenses. The property comprises 13 units in total and offers a combination of retail and residential occupancy within a central Alameda setting.
Key Highlights
- 13‑unit mixed‑use property with 3 retail stores and 10 dormitory‑style residential units
- Park Street frontage in Downtown Alameda with reported foot and vehicle traffic of 14,000 per day
- Retail leases are structured as NNN with 3‑5% annual increases and 5‑year option periods
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
14,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,691
Businesses Nearby
Explore this area
Business Placement
Demographics for 94501, CA
64,116
Population
27,117
Households
2.4
Avg Household Size
41
Median Age
58%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
8,015
Density / Sq Mi
$119,500
Median Household Income
$75,514
Median Earnings
$2,362
Median Rent
$1,213,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three retail stores and dormitory-style housing occupy a downtown Alameda property with shared residential amenities.
Where is this mixed-use property located?
The property is located at 1321 Park St Alameda, CA.
What are key features of this property?
This property features: 13‑unit mixed‑use property with 3 retail stores and 10 dormitory‑style residential units; Park Street frontage in Downtown Alameda with reported foot and vehicle traffic of 14,000 per day; Retail leases are structured as NNN with 3‑5% annual increases and 5‑year option periods
