151-157 Park Pl - Storefront Retail/Office FOR SALE


Richmond, CA 94801- Point Richmond
$4,950,000 USD
415-526-7649
151-157 Park Pl, Richmond, CA for Sale
$4,950,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 7% Cap Rate

151-157 Park Pl
Richmond, CA 94801
Point Richmond


HIGHLIGHTS

  • ±18,405 SF investment or owner/user sale
  • The building currently has a long-time tenant with multiple California locations and an established pizzeria on the ground floor

OVERVIEW

Located in the heart of the historical district of Point Richmond, at the corner of Park Place and W. Richmond Avenue, this unique offering is a rare owner/user or investment opportunity. Just off the Castro exit of I-580, the area attracts clients and employees alike in this amenity rich, walkable locale. The original two buildings were combined in 2017 into one contiguous building and parcel. 151-157 Park Place was renovated to ±18,405 SF of office space and ±21,550 SF of building area including ±3,145 SF of garage space. The building currently has a long-time tenant with multiple California locations and an established pizzeria on the ground floor. This property is elevator and HVAC served and handicapped accessible. High-end finishes with kitchenettes and restrooms on each floor, this property could be either usable by one tenant or split up for a multi-tenant investment property. The second floor offers a balcony off the kitchen in the back of the property. A finished alley way connects to Railroad Avenue at the back of the building. Parking is abundant at this location with seven (7) gated and enclosed parking spaces below the building, as well as gravel parking in the rear of the building with eight (8) additional spaces. There is also street parking in front of the building on Park Place. The parking and garage is accessible through an agreement with the neighboring ownership.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$269 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,250 SF

ZONING

MCM-2

APN/PARCEL ID

558-122-047-1

ASK ABOUT THIS PROPERTY

Haden OngaroNewmarkMore Info
415-526-7649

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Haden OngaroNewmarkMore Info
415-526-7649

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.