1019 Solano Ave Albany, CA 94706
- Office buildings
- 2,157 SF
- 0.06 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1019 Solano Ave
- Year built
- 1988
- Construction
- WOOD
- Lot size
- 0.06 lot acres
- Property size
- 2,157 SF
- Property type
- Office buildings
- APN
- 66-2790-16
- APU
- 66279016
Description
This exceptional retail property at 1019 Solano Ave in Albany, CA, presents a compelling investment opportunity. The 2,157 square foot building, situated on a 2,500 square foot lot, is zoned SC (Solano Commercial District) and offers significant potential for a variety of commercial uses. Currently configured with three units, each featuring its own bathroom, the property boasts a strong price per square foot of $411.68. The land value alone commands $463 per square foot, reflecting the desirability of this prime location within the vibrant Solano Avenue commercial district. The second-floor unit will be delivered vacant upon occupancy on August 6, 2024, providing immediate flexibility for new tenants or owner-occupancy. The property's location in Alameda County, CA, zip code 94706, offers excellent visibility and accessibility. With its versatile layout and strong location, this property is ideal for savvy investors seeking a high-return asset or owner-users looking to establish a thriving business. The APN is 66-2790-16. This is a single-building property.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $365,000
- 6.5%
- $310,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $400,000
- Geo Method
- $360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $360,000
- Retail
- $375,000
- Mixed-Use
- $340,000
- Hospitality
- $305,000
- Educational
- $290,000
- Residential Income
- $305,000
- Energy
- $355,000
- Income-Based Land
- $370,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Alameda
- State
- California
- Longitude
- -122.3
- Latitude
- 37.8903
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA