609 San Pablo AveAlbany, CA 94706

Property Details for 609 San Pablo Ave

Year built

1948

Construction

TILT-UP CONCRETE

Lot size

0.06 AC

Property size (Sq ft)

1,000 SF

Property type

Retail properties

Property subtype

Retail space

APN

67-2813-23

APU

67281323

Description

This exceptional business opportunity presents a well-established dry cleaning, wash-and-fold, and alterations service located at 609 San Pablo Ave, Albany, CA. Currently operating successfully for 23 years, the owners are planning retirement, making this a rare chance to acquire a turnkey operation. The business boasts a strong track record and loyal clientele, built over two decades of dedicated service. Importantly, note that the dry cleaning process itself is not performed on-site, streamlining operations and potentially reducing overhead. The current monthly rent is $1,650, with lease terms open to negotiation with the landlord. The asking price of $10,000 represents a compelling value for a business with this history and established customer base. The owners are highly motivated to sell quickly, making this an ideal opportunity for a prospective buyer seeking a profitable venture with immediate income potential. The 0.06-acre lot provides ample space for the current operations. Serious inquiries are encouraged

• CAP approach

  CAP return

  Valuation

  6%

  $403,294

  6.5%

  $372,272

  7%

  $345,681

• Comparable approach

  Method

  Valuation

  Relative Method

  $462,411

  Geo Method

  $702,853

• Alternative Use

  Use

  Valuation

  Residential

  $314,025

  Hospitality

  $287,645

  Educational

  $239,318

  Medical

  $247,548

  Retail

  $372,272

Location Insight

City

Albany

County

Alameda

State

California

Latitude

37.8948

Longitude

-122.3

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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