MLS® ID: 40882753

435 23Rd St

RICHMOND, California, 94804

$1,800,000 Active
  • 23064 SQFT
This property is being sold together with 445 and 457 23rd Street (see the separate listings) for the full price of $1,800,000. Great development opportunity, for owner/user, or investor. Property can be delivered vacant at close of escrow or used to produce reliable income. Decent income producer with approx. 4.5% CAP rate and room for rent increases. The 3 lots provide approximately 19,687 sf of land on a major thoroughfare. This is the largest lot and includes a building housing a grocery store and an auto repair business. The three (3) businesses straddle the lot lines. Per the City of Richmond, the ZONING for these 3 parcels is CM-5 Commercial Mixed-Use, Activity Center. This district is intended for mid- and high-rise mixed-use development at major activity centers (i.e., Richmond Civic Center, BART) to serve the community, residents, and businesses in the San Francisco Bay Area. Office, retail, entertainment and residential uses are allowed.
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Listing courtesy of FEAGLEY REALTORS

Amenities

  • Zip
    94804
  • Office name
    FEAGLEY REALTORS
  • SQFT
    23064
  • Property type
    Comm Ind For Sale
  • Zoning type
    CM-5
  • Year built
    1945
  • Lot size
    0.26
  • Agent name
    LYNSON BEAULIEU
  • Tax amount
    $ Yes
  • Purchase Type
    Active
  • Price Range
    $1.75m-$2m
  • Square Feet Range
    7000+ sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    6753

Location

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