649 23rd St 2,900 SF Retail Building Richmond, CA 94804 $799,000 ($275.52/SF) 9.83% Cap Rate
INVESTMENT HIGHLIGHTS
- Centrally located
- Garage Access - Auto roll up door
- Vacant unit & Income-producing unit (Hair Salon) on month to month tenancy
- Multiple income sources
- Warehouse-like storage w/ high ceilings
- 23rd ST frontage!
EXECUTIVE SUMMARY
Great income opportunity for owner/user, or investor, right in the bustling heart of the city w/ constant pedestrian and vehicular traffic! Two separate units (potentially 3). This property has excellent live-work space complete with a fully operational hair salon w/ 1/2 bath on the left and a vacant mixed-use unit on the right--ready for your dream business, equipped with a lobby, work area and LARGE warehouse-like space w/ vaulted ceilings and auto-roll up door, storage room, and renovated kitchen. The upstairs offers additional living/workspace, for a third potential tenant equipped w/ a beautifully renovated full bath. The possibilities are endless with this building and best of all, it's turn-key! Act fast, this one won't last long!
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,900 SF
Building Class
C
Year Built
1948
Price
$799,000
Price Per SF
$275.52
Cap Rate
9.83%
NOI
$78,575
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Lot Size
0.17 AC
Zoning
Commercial - Commercial
Land Use: Retail Stores (Personal Services, Photography, Travel)
Frontage
21’ on 23rd St
AMENITIES
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 529-290-010-6 | Total Assessment | $718,000 (2024) |
| Land Assessment | $231,600 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $486,400 (2024) | Tax Year | 2022 |
