1236 Park St
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1236 Park St
1,472 SF 100% Leased Retail Building Alameda, CA 94501 $1,350,000 ($917/SF)
Investment Highlights
- Heavy Vehicle Traffic Location
- Great Street Exposure for Retail Tenant
- Three Separate Buildings
Executive Summary
Fully occupied mixed use property located in the Park Street Business District. The property includes a very cute 2 bedroom, 1 bath cottage with a patio and offstreet parking. Nice size bedrooms, living room, and galley kitchen. The cottage is approx. 572 sf and is currently occupied. Potential to move out Tenant by the Seller. The retail component of this property includes an approximately 400 sf space leased to a retail coffee shop vendor, Highwire Coffee Roasters. In addition, a new storage structure has been erected and leased by the retail tenant and is approximately 500 sf.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$72,325
|
$49.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,325
|
$49.13
|
| Taxes |
$12,627
|
$8.58
|
| Operating Expenses |
$5,500
|
$3.74
|
| Total Expenses |
$18,127
|
$12.31
|
| Net Operating Income |
$54,198
|
$36.82
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $72,325 |
| Annual Per SF | $49.13 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $72,325 |
| Annual Per SF | $49.13 |
| Taxes | |
|---|---|
| Annual | $12,627 |
| Annual Per SF | $8.58 |
| Operating Expenses | |
|---|---|
| Annual | $5,500 |
| Annual Per SF | $3.74 |
| Total Expenses | |
|---|---|
| Annual | $18,127 |
| Annual Per SF | $12.31 |
| Net Operating Income | |
|---|---|
| Annual | $54,198 |
| Annual Per SF | $36.82 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,472 SF
Building Class
C
Year Built/Renovated
1959/2022
Price
$1,350,000
Price Per SF
$917
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.09 AC
Zoning
CC - Community Commercial Zone. Allows a variety of commercial and residential combined.
Parking
3 Spaces (2.04 Spaces per 1,000 SF Leased)
Frontage
35 FT on Park St
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Very Bikeable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 070-0184-020-00 | Total Assessment | $818,554 (2024) |
| Land Assessment | $643,314 (2024) | Annual Taxes | $12,627 ($8.58/SF) |
| Improvements Assessment | $175,240 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
070-0184-020-00
Land Assessment
$643,314 (2024)
Improvements Assessment
$175,240 (2024)
Total Assessment
$818,554 (2024)
Annual Taxes
$12,627 ($8.58/SF)
Tax Year
2023
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1236 Park St
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