2070 Lincoln AveAlameda, CA 94501

This 4,550 square foot retail property at 2070 Lincoln Avenue in Alameda, CA (94501) presents a compelling value-add opportunity. Currently a single-story, two-unit building, it boasts pre-approved plans for a significant expansion. The redevelopment plan envisions a two-story structure encompassing four retail units and six multi-family units. One retail space is currently occupied by a long-term tenant, The Lincoln Market, while the other is vacant, strategically left unleased to facilitate a smooth redevelopment process. The property sits on a 5,663 square foot lot and enjoys a high-visibility location on a main corridor in central Alameda. Its convenient location along a bus route and proximity to numerous amenities contribute to its walkability and desirability. Alameda's central Bay Area location commands high rental rates, making this a strong investment prospect. The existing occupancy is currently 50%. This property offers a unique blend of immediate income generation and significant future upside through the approved multi-family and retail expansion. The property's prime location and redevelopment potential make it an attractive investment in a thriving Bay Area market.