Active
2221 Railroad Ave
Pittsburg CA, 94565
$4,480,000
$421.69 per sqft
Active
10,624 sqft
Commercial
Built in 1989
A value added investment opportunity (with 4%-4.5% annual rent and cam increasing every year). Very stable tenant base, most of units are occupied by service type tenants. Tenants are responsible for all interior maintenance and repair. 6% investment return cap rate. High occupancy rate. Currently 12 units with 11 units are rented. the only vacant unit is used for storage. New owner may choose to rent it out for extra income. On major very busy street, next to Starbucks, close to freeway, schools.
41046945
MLSⓇ ID
January 6, 2024
Listed
March 16, 2024
Updated
Map
2221 Railroad Ave
Pittsburg CA, 94565
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.66 Acres
Lot Features
BART Nearby, City Lot, Commercial, Freeway Nearby, Mid-Block
Roof
Composition
Other Property Details
Area Name
Pittsburg
Garage
No
Parking
Private Lot
View
No
County
Contra Costa
Pool
No
Zoning
cn
Buyer Agency Compensation
1.5%
Listed by Richard Mao with Promax Investment & Develop
Listing Contact: 510-552-1687
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