28-34 P St Livermore, CA 94550
Exceptional investment opportunity in downtown Livermore, California. This property comprises two adjoining buildings totaling 13,515 square feet on separate parcels (APN: 98-405-2 and 98-403-3). The main building at 28 South P Street offers approximately 8,692 square feet on a 16,688 square foot lot, while the adjacent building at 34 South P Street encompasses approximately 4,823 square feet on a 14,824 square foot lot. The property features a bonus second-floor office space, high open ceilings, and convenient cross parking easements. Located in a prime downtown location, it benefits from the "Downtown Boulevard Gateway" zoning. The buildings are situated across from Vintners Square and Ace Hardware, and adjacent to a Walgreens with a drive-thru, ensuring high visibility and foot traffic. This offering presents a value-add opportunity for owner-users, given its size, location, and existing features. The property is being sold as-is. The asking price is $3,986,925. Built in 1964, this single-story shopping center sits on a 0.38-acre lot and is categorized as a NNN lease type. The highly affluent demographics of the area further enhance the investment potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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