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Listed by Tim Vi Tran • The Ivy Group, DRE#01784630
$2,200,000
Est. payment /mo
4,416 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 4,416 sqft
Price per Sqft $498
MLS Listing ID ML82067081
Year Built 1900
Lot Size 0.347 Acres
Property Sub-Type Commercial Property
Property Description
A fully leased mixed-use investment in the heart of the Fremont Mission corridor, offered at $2,200,000. Three buildings on a single ±15,125 SF parcel, with ±4,416 SF of improvements and 28 onsite parking spaces a rare combination of immediate cash flow and long-term upside in one of Fremont's most established neighborhoods. The property is 100% occupied, with tenants in place for 10+ years. Current income is $9,788 per month ($117,456/year), producing a 5.34% cap rate on actuals (5.50% pro forma). The street-facing retail unit ±1,200 SF is leased at $4,380/mo through 2028, anchoring the income stream with a long-term tenant. The mix works two ways. For an owner-user, live in one unit and lease the other three. For an investor, it is a turnkey, 1031-ready asset: fully leased, stable tenants, and income from day one no lease-up risk, no renovation required. The property sits on Mission Blvd, adjacent to Ohlone College in the Mission San Jose school district, with strong street visibility and steady neighborhood foot traffic. The Town Center zoning (TC-P(HOD)(H-I)) also carries future mixed-use development potential ground floor retail with residential above subject to buyer verification and City approvals. Offered as-is. APN 513-610-33.
Location
State CA
County Alameda
Area Fremont
Zoning TC-P(HOD)(H-I)
Interior
Heating Other
Cooling Other
Exterior
Parking Features Assigned Spaces
Utilities Available Individual Electric Meters
Roof Type Other
Present Use Commercial
Building
Foundation Concrete Block
Sewer Sewer Available at Site
Water Water On Site
Others
Restrictions None
Tax ID 51361033
Security Features Other
Special Listing Condition Not Applicable
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Eric & Janelle Boyenga
Realtors DRE01254724 / 01254725
Realtors DRE01254724 / 01254725




