2558 Old 1St St Livermore, CA 94550
- Retail space
- 7,655 SF
- 0.64 lot acres
Current Use by Public Records
- Tri-Valley Cobbler / (Bike/Boat/Book/etc) Store
- J & R Sports Supply LLC / Gun Shop / Ammunition Supplier
- Livermore Auto Stereo / Auto Parts Store / Security Service
- Pierson's Livermore Auto Stereo / Electronics & Wireless Store / Auto Parts Store
Property Details for 2558 Old 1St St
- Year built
- 1975
- Construction
- WOOD
- Lot size
- 0.64 lot acres
- Property size
- 7,655 SF
- Property type
- Retail space
- APN
- 98-260-15-1
- APU
- 98260151
Description
This exceptional 7,691 square foot shopping center in Livermore, CA, presents a compelling value-add opportunity. Located at a major intersection (41,072 cars daily) with high visibility, this property boasts three tenants under 100% occupancy with a Net Lease structure. The current leases expire July 30, 2025, offering a potential for redevelopment or lease restructuring. The property sits on a 0.64-acre lot and features significantly below-market rents, approximately one-third of the area average, generating a strong NOI of $78,865. The property is free and clear of debt, and the tenants have a combined 40+ year operating history. Surrounding the property are established retailers such as Trader Joe's, Grocery Outlet, and a cinema, along with the ACE Rail Station and Livermore High School. The area demographics are impressive, with a population of 75,941 within a 3-mile radius and average household incomes exceeding $147,642 within a 10-minute drive. This is a rare opportunity to acquire a well-positioned, high-performing retail center in a thriving Northern California market. The asking price is $2,459,000, resulting in a price per square foot of $319.72. Rent bumps are included in the lease agreements.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,025,000
- ML approach
- $2,025,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,170,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $3,250,000 Change: +50% Conversion: Moderate
- MEDICAL BUILDING
- $3,025,000 Change: +39% Conversion: Difficult
- OFFICE BUILDING
- $2,595,000 Change: +20% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,465,000 Change: +13% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $2,145,000 Change: -1% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $1,865,000 Change: -14% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Livermore
- County
- Alameda
- State
- California
- Longitude
- -121.766
- Latitude
- 37.6844
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
