1600 Kearney St, El Cerrito, CA 94530
List Price: $1.65M
Listing Status: Active
Original List Price: $2.6M
0Days on Market: 411
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1949
Lot Size: 19,602 sq ft
Annual Property Tax: $24,147
MLS Number: 41088776
About This Property
Cap Rate - 5.97% (Current) | GRM - 10.41 (Current) vs Cap Rate - 8.93% (Proforma) | GRM - 7.69 (Proforma). 1600 Kearney in El Cerrito was home to Cerrito Printing and had the power to support the workload. An additional suite was added, and currently, the building is divided into four (4) separate suites of varying sizes with long-term tenants. The property is a perfect fit for a variety of buyers. An owner-user could occupy all or some of the space while retaining some rental income, or an investor could acquire the building and bring rents to market rates. Additionally, TOHIMU zoning allows 45+ units/acre. Being in the heart of the East Bay, the building is within a two (2) mile distance to both El Cerrito Del Norte and El Cerrito Plaza Bart stations, and Highway 80. Oakland and San Francisco including their respective airports are all within a 10-to-25 mile distance.
Listing provided by: Davide Pio DRE #01522969 510-222-0900 info@iliveinthebayarea.com, BCRE
Source: CRMLS, MLS #: 41088776
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.