3909 Smith St.

Union City, CA, 94587

$2,300,000

$535 per ft²
$2,300,000
$535 per ft²
Active
Active
 - For Sale
carpenters-square
4,292 ft²
property_type
Commercial
calendar
Built 1920
This fantastic historical property offers a unique opportunity, or a few, for the astute buyer whether he/she is an investor, an owner-user, or a buyer who wants the best of both worlds. There are three units within this building two of which have been leased. The new buyer can use the third space or lease it out for a higher return on the investment. The property is situated in a vibrant business district at the heart of the highly-dense populated residential area. Nearby service businesses, houses of worship, nearby schools, ideal location between FWY 880, HWY 84, Union City Landing, and Union City Blvd. Occasional events, i.e. Farmers Market, & more. Most Desirable Property/Location, Nestled in the Vibrant UC Business District. Currently at 64% Occupancy Rate and with a Proforma Cap Rate of Over 5%. At the Heart of Densely Populated Residential Areas, and Near Union City Landing. Easy Commute to Peninsula, Oakland, and Silicon Valley. Ideal for Investors, and Investors/Owner Users.
MLS® ID:
40998893
Listed:
6/22/22
Updated:
7/3/22

Exterior/Building Features

Lot Size
5,000 ft² lot
Lot Details
Corner Lot, Business District, Commercial
Roof
Tar/Gravel

Other Property Details

Garage
No
Parking
None
View
N
County
Alameda
Pool
No

 

Courtesy of Coldwell Banker Realty, Faz Binesh

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