Richmond, Californie, Contra Costa County, 94804

This property is being sold together with 445 and 457 23rd Street (see the 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 subject to any COVID 19 eviction restrictions that might apply or used to produce reliable income. Decent income producer with approx 5% CAP rate and room for rent increases. The 3 lots provide approximately 19,687 sf of land on a major thoroughfare. This is the largest lot and includes a building housing a grocery store and part of an auto repair business. The three (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, AMTRAK, KAISER HOSPITAL). Office, retail, entertainment and residential uses are allowed.

Listing Courtesy of Lynson Beaulieu , Feagley Realtors