2317 Santa Clara Ave
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2317 Santa Clara Ave
7,480 SF 100% Leased Retail Building Alameda, CA 94501 $1,920,000 ($257/SF)
Investment Highlights
- Great Downtown Location
- Wonderful Condition
- 100% Occupied
- Heavy Vehicle and Pedestrian Traffic
Executive Summary
Prime Investment Opportunity! This stunning Mixed-Use Property on two parcels boasts a thriving Fitness Center on the first floor and mezzanine level, offering a secure income stream with a long-term lease until May 31, 2027, plus a 5-year lease extension option. The first level offers very large sidewalk side windows with high ceilings and wood floors. It also includes an ADA rest room and a shower. With spacious residential units on the second floor, including a mix of 2-bedroom/2-bath, 2-bedroom/1-bath, and 1-bedroom/1-bath layouts, this property offers diverse rental income potential. The units are in very good condition and have been renovated over the years. The first floor offers the residential tenants a co-op washer and dryer. Don't miss the chance to invest in this property's expansive basement and convenient rear parking spaces accessed from Oak Street. The location is something that makes this property very special. It is near City Hall, the city parking structure, the historic Alameda Theater, along with many restaurants and retail spaces.
PRICE JUST REDUCED TO $1,920,000. MOTIVATED SELLER
PRICE JUST REDUCED TO $1,920,000. MOTIVATED SELLER
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,480 SF
Building Class
C
Year Built
1900
Price
$1,920,000
Price Per SF
$257
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.24 AC
Zoning
CCTC - Community Commercial
Parking
1 Space (0.13 Spaces per 1,000 SF Leased)
Frontage
35 FT on Santa Clara Avenue
Amenities
- 24 Hour Access
- Bus Line
- Mezzanine
- Storage Space
- Smoke Detector
Walk Score®
Walker's Paradise (99)
Bike Score®
Very Bikeable (84)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,427,314 | |
| Land Assessment | $610,190 | Total Assessment | $2,037,504 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$610,190
Improvements Assessment
$1,427,314
Total Assessment
$2,037,504
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2317 Santa Clara Ave
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