2600 Macdonald Ave - Office/Residential FOR SALE


Richmond, CA 94804- Metro Richmore Village
$1,275,000 USD
510-697-1372
2600 Macdonald Ave, Richmond, CA for Sale
$1,275,000 USD
Office/Residential - FOR SALE
1/32
null | 6.93% Cap Rate

2600 Macdonald Ave
Richmond, CA 94804
Metro Richmore Village


HIGHLIGHTS

  • Strong Richmond Civic Center Location
  • Distinctive Architectural Emphasis
  • Attractive Courtyard Setting
  • Strong Demographic Community
  • Zoning Allows Varied Uses
  • Vacant and Available for Repurposing

OVERVIEW

NEW, IMPROVED PRICE!!! A mixed-use residential/commercial office complex, used for 45 years by seller as medical offices and clinic. Also used partially as dental offices. Well located in the Richmond Civic Center Area. Public records indicate 5 separate land parcels. The ground floor office space was measured at 3,600+/- square feet. It features two separate lobby areas, each served by its own independent entry portal, 21 (twenty-one) individual offices (originally exam-treatment rooms), which range is size between 50 and 150+ square feet, and two restrooms. An adjacent, attached but independent structure features a 2BR/1BA residential unit consisting of 1,200 square feet of living space; it has been used in the past as a residential unit as well as additional office/clinic space. Property profiles reference 5,300 sq ft of improvements and identify all improvements as 2600 Macdonald Avenue, though there are multiple entrances to the office component and the residential component, which is identified as 250 26th Street. The property is currently 100% vacant and ready for use and repurpose. Situated approximately 6 blocks from BART, in close proximity to City municipal offices and schools. Property inspections are available through the listing agents. The offices are separately metered from the residential unit for PG&E and water. The zoning is, per public record, CM-5 (Commercial Mixed-Use, Activity Center, which permits residential; commercial; institutional/community facilities; transportation/communications/utilities uses; and other accessory uses. Please refer to Section 15.04.202.020 "Land Use Regulations-CM Mixed-Use Districts" of the Richmond City Municipal Code for further information and use allowances and restrictions. The Sellers intend to engage in an Internal Revenue Code Section 1031 Tax Deferred Exchange, which will entail Buyer's cooperation. Any income and expense projections included herein are mere projection; Buyers are to expected to conduct their own research of such matters. Showings per arrangement with the listing agent.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$241 USD /SF

CAP RATE

6.93%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Freestanding, Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

CM-5

APN/PARCEL ID

515-302-001-0

ASK ABOUT THIS PROPERTY

Barry KleinCORCORAN ICON PROPERTIESMore Info
510-697-1372

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Barry KleinCORCORAN ICON PROPERTIESMore Info
510-697-1372

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