1301-1303 High St
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1301-1303 High St
4,807 SF 100% Leased Retail Building Alameda, CA 94501 $2,700,000 ($562/SF) 4.75% Cap Rate
Investment Highlights
- Tremendous Corner Location
- SRO Units on Upper Floors
- Ground Floor Retail
Executive Summary
Unleash the potential of this stunning Mixed-Use gem at 1301 High Street! Historic property with a mix of Single Residential Occupancy Units (SROs), a unit with one bedroom and one bath, along with a very large retail/commercial unit on the ground floor. • The commercial tenant offers a lucrative opportunity to capitalize on immediate rental income, or envision your own business in this prime location. The commercial tenant may stay for a short term or vacate. • Positioned on a signalized corner, this property boasts unrivaled visibility with high traffic counts, ensuring your investment receives maximum exposure. Wonderful neighborhood location. • With long-term residential tenants already in place, stability and consistent cash flow are guaranteed. Don't miss out on this exceptional opportunity to secure a profitable ROI in a thriving commercial hub!
Data Room Click Here to Access
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,807 SF
Building Class
C
Year Built
1900
Price
$2,700,000
Price Per SF
$562
Cap Rate
4.75%
NOI
$128,250
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.92
Lot Size
0.12 AC
Zoning
C1, Alameda - C1 Zoning Restaurant, store, business, beer and wine bar etc
Parking
2 Spaces (0.42 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Conferencing Facility
- Corner Lot
- Fenced Lot
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
- Smoke Detector
Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (88)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 069-0077-011-00 | Improvements Assessment | $376,076 |
| Land Assessment | $132,940 | Total Assessment | $509,016 |
PROPERTY TAXES
Parcel Number
069-0077-011-00
Land Assessment
$132,940
Improvements Assessment
$376,076
Total Assessment
$509,016
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1301-1303 High St
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