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Green Bridge properties is pleased to be offering this retail building ideal for an owner user or a great addition to an investment portfolio. 1413 Park St. comprises 5 retail spaces, built in approx 1918, the retail spaces range from 445 sq ft with a 100 sq ft mezzanine to 3300 sq ft.
Now is the perfect time with one unit currently vacant for an owner/user or lease at current market rate for an investor.
- Stable long term tenants
- Cap rate proforma 5.03
- GRM 13.6
- Price per sq ft $ 2.71
- Price per unit $ 413
- Total bldg sq ft 7614
- Total property sq ft 7762
- The vacant space is also available for lease additionally the space can be viewed on the 3d matterport and viewing can be scheduled following current covid protocols.
Alameda began as a peninsula just south of Oakland and is now an East Bay island with a laid-back feeling all its own. You will find a variety of homes and condos for sale in Alameda including cozy apartments, spacious single family homes that have been fully renovated, and gorgeous luxury mansions where no expense was spared. With more than 10,000 buildings constructed before 1930, there is a rich and varied architectural heritage in the area playing a role in Alameda's real estate market conditions. Historic Queen Anne's, more than 1,500 ornately decorated Victorians, and California Craftsmans are some of the most desirable homes here along its tree-lined streets. Although Alameda is a little off the beaten path, the city has a laid-back vibe all its own. One of the unique elements of Alameda is its population: with only 80,000 residents, the population density is less than half of San Francisco, and similar to the density found in Oakland. Alameda is incredibly walkable. When locals want to explore the various shopping, landmarks, museums, and dining, they usually head to Park Street. Start your day with a visit to the Alameda Museum. Since 1948, the museum has preserved the rich history of this unique island city and offers both locals and tourists an opportunity to learn more about the great island of Alameda. After a day at the museum, there are plenty of great restaurants to choose from, including: Monkey King Pub and Grub: Featuring a unique mix of Asian-fusion cuisine, crafty cocktails, and delicious draft beer, this is also a great happy hour hangout. La Penca Azul: A family-owned favorite for over 25 years, they are also well- known for their taco truck. Original Red Onion: If you love great, locally-sourced food in a family-friendly atmosphere, you will absolutely love this restaurant. Civic pride runs high in Alameda, and many of the city’s older buildings have been fully restored or repurposed. The Alameda Theater on Park Street was restored to its art deco glory, while the Alameda Free Library was transformed from the Carnegie Library into a multimillion-dollar showplace that earned a Silver LEED certification. Alameda is also a great place for outdoor activities. Robert W Crown Memorial State Beach is the perfect place for wind-surfing and taking a morning run near the beach. Alameda is a great place to live if you love a vibrant atmosphere with plenty of festivals and activities to enjoy. One of the trademark events in Alameda is the 4th of July Parade, which features horse-drawn carriages and truly embodies the small-town feel of Alameda. Other popular events and festivals in Downtown include a Spring Festival in May and a Classic Car Show in October. No matter the time of year, there is always something fun happening in Alameda.
Additional Showings by Appointment with the Listing Agent