1600 Kearney St, El Cerrito, CA 94530
- $1,900,000
Listed by Davide Pio, (510) 815-2000 from BCRE
(If provided) CoList: from
- List Price
- $1,900,000
- Price Change
- ▼ $100,000 1771034463
- MLS#
- CC41088776
- Status
- ACTIVE
- Levels
- One Story
- Lot Size
- 9,392
- Listing Area
- El Cerrito
- Year Built
- 1949
Property Description
Cap Rate - 5.25% (Current) | GRM - 11.62 (Current) vs Cap Rate - 8.10% (Proforma) | GRM - 8.41 (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.
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Additional Information
- Acres
- 0.45
- Exterior Features
- Concrete, Other
- Floor Covering
- Concrete
- Garage Parking
- Common Parking - Private
- Levels
- One Story
- Lot Size
- 9,392
- Neighborhood
- El Cerrito
- Present Use
- Office
- Roof
- Rolled Composition
- Unincorporated Yn
- Yes
- Zoning
- TOHI
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