Property summary
This exceptional mixed-use property, located at 1515 Park Street in Alameda, California, presents a unique investment opportunity. Boasting 3,228 square feet on a 0.09-acre lot, this historic building offers a blend of commercial and residential space. The ground floor, completely renovated in 2023, housed a thriving bar featuring a fully equipped kitchen, two bathrooms, and a rear patio ideal for outdoor seating. Five convenient parking spaces are located at the rear of the building. The upper level provides comfortable residential living with three bedrooms, one bathroom, an updated kitchen, and a laundry area. This bright and spacious living space offers the convenience of living above your business. The building's prime location on Park Street places it in the heart of Alameda's vibrant commercial district, surrounded by shopping, dining, and entertainment options, ensuring high visibility and foot traffic. Built in the early 1900s, this property has been a beloved community gathering place for generations, offering a strong foundation for future success. The 2021 updates to both levels, combined with the 2023 bar renovation, ensure this property is move-in ready and well-maintained. This is an ideal opportunity for an owner-operator seeking a live-work situation in a thriving Alameda location. The property's history and location make it a truly unique and desirable investment.
Property profile
VerifiedCap rate & NOI
Current use
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Bar & Pub
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Nightclub DJ & Entertainment
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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