151-155 Park Pl, Richmond, CA 94801
18,405 SF | 100% Leased | Retail Building | Richmond, CA 94801 | $4,950,000 ($269/SF) | 7% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,950,000
- Property Type
-
Retail
- Square Feet
- 18,405 SF
- Price / Square Foot
- $269
Listing Contacts
Haden Ongaro
Verified Profile
Tom Poser
Verified Profile
- Property Info
Property Overview
Located in the heart of the historical district of Point Richmond, at the corner of Park Place and W. Richmond Avenue, this unique offering is a rare owner/user or investment opportunity. Just off the Castro exit of I-580, the area attracts clients and employees alike in this amenity rich, walkable locale.
The original two buildings were combined in 2017 into one contiguous building and parcel. 151-157 Park Place was renovated to ±18,405 SF of office space and ±21,550 SF of building area including ±3,145 SF of garage space. The building currently has a long-time tenant with multiple California locations and an established pizzeria on the ground floor.
This property is elevator and HVAC served and handicapped accessible. High-end finishes with kitchenettes and restrooms on each floor, this property could be either usable by one tenant or split up for a multi-tenant investment property. The second floor offers a balcony off the kitchen in the back of the property.
A finished alley way connects to Railroad Avenue at the back of the building. Parking is abundant at this location with seven (7) gated and enclosed parking spaces below the building, as well as gravel parking in the rear of the building with eight (8) additional spaces. There is also street parking in front of the building on Park Place. The parking and garage is accessible through an agreement with the neighboring ownership.
The original two buildings were combined in 2017 into one contiguous building and parcel. 151-157 Park Place was renovated to ±18,405 SF of office space and ±21,550 SF of building area including ±3,145 SF of garage space. The building currently has a long-time tenant with multiple California locations and an established pizzeria on the ground floor.
This property is elevator and HVAC served and handicapped accessible. High-end finishes with kitchenettes and restrooms on each floor, this property could be either usable by one tenant or split up for a multi-tenant investment property. The second floor offers a balcony off the kitchen in the back of the property.
A finished alley way connects to Railroad Avenue at the back of the building. Parking is abundant at this location with seven (7) gated and enclosed parking spaces below the building, as well as gravel parking in the rear of the building with eight (8) additional spaces. There is also street parking in front of the building on Park Place. The parking and garage is accessible through an agreement with the neighboring ownership.
Property Details
- Class
- C
- Year Built/Renovated
- 1992/2017
- Stories
- 3
- Property Subtype
- Storefront Retail/Office
- Lot Size (sq. ft)
- 9,148 SF
Highlights
- ±18,405 SF investment or owner/user sale
- The building currently has a long-time tenant with multiple California locations and an established pizzeria on the ground floor
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