2600 Macdonald Ave 5,300 SF Office Building Richmond, CA 94804 $1,275,000 ($240.57/SF) 6.93% Cap Rate

NEW, IMPROVED PRICE!!! A mixed-use residential/commercial office complex, used for 45 years by seller as medical offices and clinic. Also used partially as dental offices. Well located in the Richmond Civic Center Area. Public records indicate 5 separate land parcels. The ground floor office space was measured at 3,600+/- square feet. It features two separate lobby areas, each served by its own independent entry portal, 21 (twenty-one) individual offices (originally exam-treatment rooms), which range is size between 50 and 150+ square feet, and two restrooms. An adjacent, attached but independent structure features a 2BR/1BA residential unit consisting of 1,200 square feet of living space; it has been used in the past as a residential unit as well as additional office/clinic space. Property profiles reference 5,300 sq ft of improvements and identify all improvements as 2600 Macdonald Avenue, though there are multiple entrances to the office component and the residential component, which is identified as 250 26th Street. The property is currently 100% vacant and ready for use and repurpose. Situated approximately 6 blocks from BART, in close proximity to City municipal offices and schools. Property inspections are available through the listing agents. The offices are separately metered from the residential unit for PG&E and water. The zoning is, per public record, CM-5 (Commercial Mixed-Use, Activity Center, which permits residential; commercial; institutional/community facilities; transportation/communications/utilities uses; and other accessory uses. Please refer to Section 15.04.202.020 "Land Use Regulations-CM Mixed-Use Districts" of the Richmond City Municipal Code for further information and use allowances and restrictions. The Sellers intend to engage in an Internal Revenue Code Section 1031 Tax Deferred Exchange, which will entail Buyer's cooperation. Any income and expense projections included herein are mere projection; Buyers are to expected to conduct their own research of such matters. Showings per arrangement with the listing agent.