1836 Alhambra Ave
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1836 Alhambra Ave
2,334 SF Retail Building Martinez, CA 94553 £1,094,648 (£469/SF)
Investment Highlights
- Single Tenant Gross Lease
- Side Yard NOT encumbered by Lease. Free to Lease or Development
- Rapidly Expanding East Bay Market
Executive Summary
$100K Price Reduction.
Possibility of Adding ADU on vacant side of parcel. Buyer to check with City of Martinez.
Investment Summary
OFFERING PRICE: $1,499,000
BUILDING AREA: ±2,334 SQ. FT.
TOTAL LAND AREA: ±5,400 SQ. FT.
PARCEL NUMBER: 372-295-002-3
CURRENT ZONING: Commercial (Retail Stores)
SINGLE TENANT: Liquor & Grocery Store
LEASE TERM: 10-Year (June 1, 2021, to May 31, 2031)
LEASE OPTION: 10-Year at FMV
RENT: $6,300/m starting May 2024 with $100 yearly increase
VACANT SIDE YARD IS NOT ENCUMBERED BY LEASE: Free to Lease or Owner Use.
POSSIBILITY OF ADDING ONE OR MORE ADU UNITS. CHECK WITH CITY OF MARTINEZ.
All information contained in this document resulted from representations by Seller. Mission Peak Brokers, Inc. and its agents cannot and will not verify the accuracy or completeness of any information. Purchasers must verify any such information themselves and should engage legal and financial advisors to assist with the process.
Possibility of Adding ADU on vacant side of parcel. Buyer to check with City of Martinez.
Investment Summary
OFFERING PRICE: $1,499,000
BUILDING AREA: ±2,334 SQ. FT.
TOTAL LAND AREA: ±5,400 SQ. FT.
PARCEL NUMBER: 372-295-002-3
CURRENT ZONING: Commercial (Retail Stores)
SINGLE TENANT: Liquor & Grocery Store
LEASE TERM: 10-Year (June 1, 2021, to May 31, 2031)
LEASE OPTION: 10-Year at FMV
RENT: $6,300/m starting May 2024 with $100 yearly increase
VACANT SIDE YARD IS NOT ENCUMBERED BY LEASE: Free to Lease or Owner Use.
POSSIBILITY OF ADDING ONE OR MORE ADU UNITS. CHECK WITH CITY OF MARTINEZ.
All information contained in this document resulted from representations by Seller. Mission Peak Brokers, Inc. and its agents cannot and will not verify the accuracy or completeness of any information. Purchasers must verify any such information themselves and should engage legal and financial advisors to assist with the process.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,334 SF
Building Class
C
Year Built
1929
Price
£1,094,648
Price Per SF
£469
Tenancy
Single
Number of Floors
1
Building FAR
0.43
Lot Size
0.12 AC
Zoning
R-3.5
Parking
2 Spaces (0.86 Spaces per 1,000 SF Leased)
Frontage
Walk Score ®
Very Walkable (72)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 372-295-002-3 | Improvements Assessment | £506,345 |
| Land Assessment | £249,102 | Total Assessment | £755,448 |
PROPERTY TAXES
Parcel Number
372-295-002-3
Land Assessment
£249,102
Improvements Assessment
£506,345
Total Assessment
£755,448
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1836 Alhambra Ave
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