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3171 Mecartney Rd
Alameda, CA 94502
Peter Pan School · Retail Property For Sale

Investment Highlights

  • Operating business for more than 20 years, stable with strong income
  • Park-like location near water
  • Property being sold as business and real estate combined
  • Turnkey Investment

Property Facts

Property Type
Retail
Property Subtype
Day Care Center
Building Size
4,769 SF
Building Class
B
Year Built
1980
Tenancy
Single
Building Height
2 Stories
Building FAR
0.48
Lot Size
0.23 AC
Zoning
N/Av, Alameda - N/Av, Alameda
Parking
10 Spaces (2.38 Spaces per 1,000 SF Leased)
Frontage
81’ on Mecartney

Amenities

  • Signage

About 3171 MECARTNEY RD , ALAMEDA, CA 94502

Peter Pan Academy, established in 2007, is a fully operational and profitable preschool located at 3171 Mecartney Rd, Alameda, CA. This boutique school offers a licensed capacity of 74 children, including infants and preschoolers, making it a trusted educational hub for families in a high-demand area. Conveniently situated in a high-barrier-to-entry market, the property and business are being sold together as a turnkey investment. With robust revenue growth and significant tuition rate upside compared to local competitors, Peter Pan Academy represents a rare opportunity for investors or operators seeking a foothold in Alameda's thriving education sector. Investment Highlights - Turnkey Opportunity: Fully operational preschool with an established client base and reputation since 2007. - Strong Revenue Growth: Demonstrated revenue of $1,162,047 in 2023, with continued growth into 2024. - High-Demand Market: Located in Alameda, CA, a high-barrier-to-entry area with a growing population and substantial household incomes. - Licensed Capacity: Accommodates 74 children, including 11 infants and 63 preschoolers (2-5 years old). - Real Estate Included: Sale includes a 4,200 sq. ft. facility with a 600 sq. ft. mezzanine on a 10,001 sq. ft. lot, combining business and property for $3,500,000. - Prime Demographics: Within a 1-mile radius, the average household income is $198,706, with a population of 5,856 under age 5, supporting strong demand for quality childcare. - Tuition Upside: Opportunities to increase tuition rates to align with or surpass local competitors, driving profitability.

Property Taxes

Property Taxes

Parcel Number
074-1045-014-00
Land Assessment
$418,134
Improvements Assessment
$933,832
Total Assessment
$1,351,966
  • Listing ID: 33873117

  • Date on Market: 11/14/2024

  • Last Updated:

  • Address: 3171 Mecartney Rd, Alameda, CA 94502

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