1317 Park St

1317 Park St, Alameda, CA 94606

We are pleased to present this unique commercial property in Downtown Alameda. The property consists of 3 strong performing retail stores with prime Park street frontage and 10 dormitory style residential units above. The residential units share a coin operated laundry site, kitchenette space, and 4 bathrooms. The shared spaces could be updated to increase rents even further. The 3 retail units are on NNN leases with 3-5% increases per year and option periods of 5 years. The Downtown location of central Alameda makes this an ideal retail location with many new and historic businesses surrounding the immediate neighborhood with a very large foot and vehicle traffic count of 14,000 per day. The property is currently operating at a 4.84% cap rate with actual expenses included. With moderate improvements a savvy investor could reap the benefits of a realistic pro forma 7.25% cap rate. One residential unit is currently vacant and one retail unit is undergoing remodeling on the tenants behalf. This is an excellent opportunity for an investor looking to add value and capitalize on the growing commercial and residential East Bay market.

Features & Amenities


Laundry Room Common Area


Water Source Public
Lot Features 0-1 Unit/Acre

Area & Lot

Status For Sale
LOT SIZE 0.147 Acres
MLS® ID SB23022946


SALES PRICE $3,650,000

Work With Guillermo

Your home is your sanctuary. Letting go of that sanctuary can be a traumatic process. Finding a new haven can be just as daunting. Guillermo understands and his goal is to find your perfect new home that will not only suit your budget, but also give you immediate peace and protection the moment you walk through the door.

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