2923 Macdonald Ave Richmond, CA 94804
- Office buildings
- 4,000 SF
- 0.11 lot acres
Current Use by Public Records
- Office buildings
Property Details for 2923 Macdonald Ave
- Year built
- 1946
- Lot size
- 0.11 lot acres
- Property size
- 4,000 SF
- Property type
- Office buildings
- APN
- 516-171-009-9
- APU
- 5161710099
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $365,000
- 6.5%
- $370,000
- 7%
- $405,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $380,000
- Geo Method
- $385,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $355,000
- Retail
- $445,000
- Mixed-Use
- $430,000
- Hospitality
- $380,000
- Educational
- $350,000
- Residential Income
- $385,000
- Energy
- $390,000
- Income-Based Land
- $425,000
- Food Service
- $440,000
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Contra Costa
- State
- California
- Longitude
- -122.341
- Latitude
- 37.935
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA