6537 Thornton Ave., Newark, CA 94560 - 40931813 - iPro Real Estate
iPro Real Estate

iPro Real Estate

6537 Thornton Ave.
Newark, CA 94560

Canceled, Commercial Sale

For Sale

$929,000 $844.55 per sqft

Free Professional CMA

Listing ID : BE40931813

  • Structure / Lot Size

    1,100 Sqft / 0.1700 Acre
  • Year

    1910

Description

Come and own a piece of what is designated as Newark Downtown which stretches from Cherry all the way down to Sycamore. You may not see it now, but this is a fantastic opportunity to own a piece of gold before it becomes one. The property is located in a mixed-use locality and is permitted to build up to 3 stories: retail on the ground floor and residential on floors 2 and 3. Combine this lot with the neighboring 2 lots and you have yourself a goldmine. The owner spent over $150,000 to remodel so that you don't have to. Currently rented for $4000/m on a 3 year lease. You can cash flow now while planning to build down the line. The choice is yours.

Details

Type: Commercial Sale 
Subdivision: Newark 
County: Alameda 
Security Features: Smoke Detector(s)/Alarm(s), Security Alarm  
Tax ID: 92-29-16-2
Annual Taxes: $7,871
Business Type: Commercial 
Building Size: 1,100 SqFt 
Cap Rate: 4.30% 
Cooling: Central -1 Zone  
Flooring: Hardwood 
Heating: Gas 
Parking Spaces: 6 
Property Type: Commercial Sale 
Roof: Composition 
Sub Type: Commercial Property 
Utilities: Electricity - 400 Amps Or More 

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Interactive

37.532764 -122.034035 $929,000 40931813
6537 Thornton Ave., Newark, CA 94560
Directions to here from:

Area Information 94560

Population:

43,262 Up .02% since 2010
Average Income:
$99,107
Average Age:
36Years
Gender:
48.96%Male
51.04%Female
Households:
13,18842.53% with children
Average Value:
$1,027,625
Occupancy:
67.62%Owned
32.38%Rented
3.57%Vacant
Education:
26.84%High School
7.87%Associate
21.11%Bachelor
8.7%Graduate
Average Residency:
21Years
Crime Rate:
Below Average
Annual Rainfall:
15.78Inches
Earthquake Risk:
Very High
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Very Low
Wind Risk:
Very Low

History

Date Transaction Price Mortgage Amt & Lender
Date
Apr 02, 2021
Transaction
Canceled - Commercial/IndustrialBE40931813
Price
$929,000
Mortgage Amt & Lender
- -
Date
Aug 03, 2017
Transaction
Expired - Commercial/IndustrialBE40266124
Price
$500,000
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by Paul LeJoy with Century 21 Pacific Realty

Based on information from the MLSListings MLS) as of 12/8/2021. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 12/8/2021. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. ©2021 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes