1400 Chestnut St Alameda, CA 94501
This exceptional investment opportunity presents a well-maintained, 12,010 square foot special purpose building in Alameda, California, zoned for religious use and previously licensed as a childcare center. Located at 1400 Chestnut Street, Alameda, CA 94501, this property sits on a 0.28-acre lot and offers ample parking with 30 spaces. The building currently has 1,200 square feet of vacant space, representing a significant opportunity for expansion or lease to a new tenant. The existing structure is suitable for continued use as a childcare facility, given its prior licensing and suitable layout. The property's Alameda County location (APN 71-264-4) provides excellent access to a thriving community. The building's multiple tenancy configuration allows for flexibility in usage and potential income streams. This property is an ideal investment for those seeking a versatile commercial space with established infrastructure in a desirable location. The 1,000 square foot space currently available is ready for immediate occupancy. The property's zoning as "Religious" offers a range of potential uses beyond childcare, subject to necessary permits and approvals. This presents a unique opportunity to acquire a well-situated property with significant potential for growth and return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.