Vacant-User

2318 Central Ave

2318 Central Ave, Alameda, CA 94501

Listing Price: $3,975,000

Cap Rate
0.03%
Gross SF
9,097
Rentable SF
9,097
Price/Gross SF
$436.96
Lot Size
0.19 acres
Year Built
1918

Investment Overview

Located in the heart of Alameda, on the main thoroughfare of Central Avenue, the subject property is a very spacious 10,713 square foot building. The property is nestled just off Park Street, the main business district. This location affords the tenants with an abundance of foot traffic and visibility as the site is across the street from the very popular Alameda Movie Theater. The building is currently occupied by three tenants: A quick-service restaurant (Troy), Audiology Specialists (Hearing Zone), and The Avalon School of Cosmetology. The latter represents the majority of rentable square feet, 8,404, and will be vacating in the spring of 2020. This offers a unique opportunity for an owner/user to acquire a highly visible retail space in the central corridor of Alameda while collecting additional income from the existing remaining tenants. Additionally, the property is in close proximity to the 1,500-acre Alameda Point Development. This is one of the most significant development projects in the Bay Area, one that is expected to create over 9,000 new jobs. The project is slated for 1,425 new homes and over 5.5 million square feet of commercial space. The total cost of the project is expected to exceed 1.5 billion dollars.

Investment Highlights

  • Proximity to Park street
  • Exceptional Foot traffic
  • Ample Parking

Exclusively Listed By

Listing Price: $3,975,000

Cap Rate
0.03%
Gross SF
9,097
Rentable SF
9,097
Price/Gross SF
$436.96
Lot Size
0.19 acres
Year Built
1918

Investment Highlights

  • Proximity to Park street
  • Exceptional Foot traffic
  • Ample Parking

Investment Overview

Located in the heart of Alameda, on the main thoroughfare of Central Avenue, the subject property is a very spacious 10,713 square foot building. The property is nestled just off Park Street, the main business district. This location affords the tenants with an abundance of foot traffic and visibility as the site is across the street from the very popular Alameda Movie Theater. The building is currently occupied by three tenants: A quick-service restaurant (Troy), Audiology Specialists (Hearing Zone), and The Avalon School of Cosmetology. The latter represents the majority of rentable square feet, 8,404, and will be vacating in the spring of 2020. This offers a unique opportunity for an owner/user to acquire a highly visible retail space in the central corridor of Alameda while collecting additional income from the existing remaining tenants. Additionally, the property is in close proximity to the 1,500-acre Alameda Point Development. This is one of the most significant development projects in the Bay Area, one that is expected to create over 9,000 new jobs. The project is slated for 1,425 new homes and over 5.5 million square feet of commercial space. The total cost of the project is expected to exceed 1.5 billion dollars.

Exclusively Listed By

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