609 San Pablo Ave Albany, CA 94706-1128
- Retail space
- 1,000 SF
- 0.06 lot acres
Current Use by Public Records
- Retail space
Property Details for 609 San Pablo Ave
- Year built
- 1948
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.06 lot acres
- Property size
- 1,000 SF
- Property type
- Retail space
- APN
- 67-2813-23
- APU
- 67281323
Description
This exceptional business opportunity presents a well-established dry cleaning, wash-and-fold, and alterations service located at 609 San Pablo Ave, Albany, CA. Currently operating successfully for 23 years, the owners are planning retirement, making this a rare chance to acquire a turnkey operation. The business boasts a strong track record and loyal clientele, built over two decades of dedicated service. Importantly, note that the dry cleaning process itself is not performed on-site, streamlining operations and potentially reducing overhead. The current monthly rent is $1,650, with lease terms open to negotiation with the landlord. The asking price of $10,000 represents a compelling value for a business with this history and established customer base. The owners are highly motivated to sell quickly, making this an ideal opportunity for a prospective buyer seeking a profitable venture with immediate income potential. The 0.06-acre lot provides ample space for the current operations. Serious inquiries are encouraged
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $360,000
- 6.5%
- $370,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $400,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $395,000
- Mixed-Use
- $330,000
- Hospitality
- $355,000
- Educational
- $375,000
- Residential Income
- $335,000
- Energy
- $315,000
- Income-Based Land
- $295,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Alameda
- State
- California
- Longitude
- -122.3
- Latitude
- 37.8948
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
