15331 Richmond Pkwy, Richmond, CA 94806
3,799 SF | 100% Leased | Retail Building | Richmond, CA 94806 | $3,600,000 ($948/SF) | 5.81% Cap Rate
For Sale
Active
Asking Price $3,600,000
- Property Type
-
Retail
- Square Feet
- 3,799 SF
- Price / Square Foot
- $948
Listing Contacts
Jonathan Blatteis
Property Overview
Blatteis Realty Co. is pleased to present for sale the ground lease with an existing ARCO/ampm gas station facility located at 15531 Richmond Parkway in Richmond, CA. This investment opportunity is a net ground lease with BP West Coast Products, LLC as the tenant who constructed an ARCO branded fuel station with accompanying am/pm convenience store and carwash that was completed in 2004.
Improvements
The subject’s site is improved with an ARCO branded gas station-car-wash-mini-mart with 3,799-sq. ft. (per public records) of building area, which was built in 2004. In addition, there are (16) fueling positions with an overhead canopy and underground gasoline storage tanks. The lot coverage ratio is 8% (3,799 sq. ft. of bldg./45,783 sq. ft. of land). The improvements were built by the tenant who has four years left on the lease plus one 5-year option. The improvements may revert to the landlord at the termination of the lease.*
Zoning
According to the Richmond Planning Department, the subject property is zoned “CM-3” (Commercial-Mixed Use District), which permits most commercial uses including a gas station-car wash-mini-mart. Parking varies according to use. The subjects existing improvements (gas station with car wash and mini-mart appears to be a legal, conforming use.*
Improvements
The subject’s site is improved with an ARCO branded gas station-car-wash-mini-mart with 3,799-sq. ft. (per public records) of building area, which was built in 2004. In addition, there are (16) fueling positions with an overhead canopy and underground gasoline storage tanks. The lot coverage ratio is 8% (3,799 sq. ft. of bldg./45,783 sq. ft. of land). The improvements were built by the tenant who has four years left on the lease plus one 5-year option. The improvements may revert to the landlord at the termination of the lease.*
Zoning
According to the Richmond Planning Department, the subject property is zoned “CM-3” (Commercial-Mixed Use District), which permits most commercial uses including a gas station-car wash-mini-mart. Parking varies according to use. The subjects existing improvements (gas station with car wash and mini-mart appears to be a legal, conforming use.*
Property Details
- Year Built
- 2004
- Stories
- 1
- Property Subtype
- Service
- Lot Size (sq. ft)
- 35,284 SF
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