About 2221 Railroad Ave
8% investment return cap rate. A value added investment opportunity (with 4%-4.5% annual rent and cam increasing every year). Very stable tenant base, most of units are occupied by service type tenants. Tenants are responsible for all interior maintenance and repair. High occupancy rate. Currently 12 units with 11 units are rented. the only vacant unit is used for storage. New owner may choose to rent it out for extra income. On major very busy street, next to Starbucks, close to freeway, schools, BART.
Features of 2221 Railroad Ave
| MLS® # | 41046945 |
|---|---|
| Price | $3,288,000 |
| Square Footage | 10,624 |
| Acres | 0.66 |
| Year Built | 1989 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 2221 Railroad Ave |
|---|---|
| City | Pittsburg |
| County | Contra Costa |
| State | CA |
| Zip Code | 94565 |
Amenities
| Parking | Private Lot |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Mid-Block, BART Nearby, City Lot, Commercial, Freeway Nearby |
|---|---|
| Roof | Composition |
| Construction | Stucco, Frame |
Additional Information
| Date Listed | January 6th, 2024 |
|---|---|
| Zoning | cn |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Richard Mao |
|---|---|
| Office | Promax Investment & Develop |