1677 San Pablo Ave Pinole, CA 94564-2011
- Retail space
- 1,890 SF
- 0.25 lot acres
Aug 09, 2022
Current Use by Public Records
- Appian Liquors / Liquor Store
Property Details for 1677 San Pablo Ave
- Year built
- 1971
- Lot size
- 0.25 lot acres
- Property size
- 1,890 SF
- Property type
- Retail space
- APN
- 401-100-013-2
- APU
- 4011000132
Description
This exceptional investment opportunity presents three buildings in Pinole, California, totaling 10,720 square feet, situated on a high-traffic intersection at 759 Appian Way and 1677 & 1685 San Pablo Ave, zip code 94564. The portfolio includes a convenience store and two office buildings, all sold together as a single unit. The property boasts 27 parking spaces. Currently operating at 85% occupancy, the property generates a Net Operating Income (NOI) of $129,035, with a pro-forma NOI of $135,811. The asking price is $2,195,000, representing a price per square foot of $204.76 and a 5.88% cap rate. The lease type is modified, with a multi-tenant occupancy and a remaining lease term of 7 years. This offering is ideal for a 1031 exchange. All three buildings must be purchased together. Please do not disturb tenants. Updated financials and disclosures are forthcoming.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pinole
- County
- Contra Costa
- State
- California
- Longitude
- -122.298
- Latitude
- 38.004
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
