Description

This property is being sold together with 435 and 445 23rd Street (separate listings) for the full price of $1,600,000. Great development opportunity, for owner/user, or investor. Property can be delivered vacant at close of escrow or used to produce reliable income. Decent income producer with room for rent increases. The 3 lots provide approximately 19,687 sf of land on a major thoroughfare with easy access to public transportation. This lot includes a small 600 sf building that currently houses a car sales and smog check business. The 3 businesses straddle the lot lines. Per the City of Richmond, the ZONING for these 3 parcels is CM-5 Commercial Mixed-Use, Activity Center. This district is intended for mid- and high-rise mixed-use development at major activity centers (i.e., Richmond Civic Center, BART). Office, retail, entertainment and residential uses are allowed. Reported income and expenses are approximate and covers all three properties.