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Listed by Anna Li • Better Homes and Gardens RP
$ 2,100,000
Est. payment /mo
Price Dropped by $380K
Albany, CA
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 01-41107110
Year Built 1970
Annual Tax Amount $26,684
Source California Regional Multiple Listing Service (CRMLS)
Property Description
A huge price reduction! Prime 40-Unit Development Opportunity in the Heart of Albany's Business District. This is a rare and highly desirable opportunity to develop a 40-unit residential project in the vibrant San Pablo Avenue corridor, Albany's premier commercial district. The property is ideally positioned near a dynamic mix of national retailers, thriving small businesses, and high-traffic corporate tenants. Proposed plans call for a six-story, 40-unit. 50% 1BR/1BA, 50% 2BR/1BA with 2BR/2BA units. SPC zoning district, which has no maximum residential density limit. Unbeatable Location. Just a 5-minute walk to Sprouts Farmers Market, and a 4-minute walk to El Cerrito Plaza, El Cerrito Plaza BART Station. Minutes to Ranch 99 Market. Solano Ave's bustling commercial strip and the merging Gilman District. Easy access to 1-80 and I-580. Short drive to Berkeley, Emeryville, Oakland, and San Francisco. This is a unique chance to invest in one of the East Bay's most sought-after neighborhoods. A top-ranked public school system. Offering long-term growth potential in a transit-rich, community-oriented location. Subject to final approval of the City of Albany.
Location
State CA
County Alameda
Zoning com
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