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$ 3,150,000
Est. payment /mo
Active
1 W Richmond Avenue Richmond, CA 94801
9,434 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,434 sqft
Price per Sqft $333
MLS Listing ID ML82009280
HOA Y/N No
Year Built 1914
Lot Size 3,398 Sqft
Acres 0.08
Property Sub-Type Other
Property Description
Rare Investment Opportunity in Historic Point Richmond, The J.G. Gerlach Building. Built in 1914, the J.G. Gerlach Building presents a unique investment opportunity with strong current income and significant future upside. This well-maintained mixed-use property consists of 38 single-room occupancy (SRO) units and two fully leased ground-floor retail spaces, located in the heart of Point Richmond, one of the East Bays most scenic and desirable enclaves. Two street-level retail spaces, currently occupied by a hair salon and a nail salon, generating consistent commercial rental income. Solid tenant demand and low vacancy contribute to stable monthly cash flow. Point Richmond is a hidden gem along the San Francisco Bay, offering a charming village-like atmosphere with a mix of natural beauty and cultural appeal. Residents and visitors enjoy; Sweeping bay views, marinas, and rolling hills, access to Keller Beach, one of the only swimmable bay beaches in the area. Miller/Knox Regional Shoreline, offering trails, picnic areas, and panoramic vistas. A walkable downtown with indie cafes, restaurants, galleries, and boutique shops. Vibrant and engaged local community with historic character. This property offers both immediate returns and long-term growth. Appraised Value: $3,900,000.
Location
State CA
County Contra Costa
Zoning CM2
Interior
Heating Electric
Cooling None
Flooring Laminate, Other, Tile
Fireplace No
Building
New Construction No
Others
Tax ID 5581100053
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Listed by Mark Caloca • RE/MAX Accord