Classic Residential & Commercial Investment Opportunity
Project Description
This good looking and fine quality residential-over-commercial building in central downtown Pinole is located at the primary downtown intersection of San Pablo Avenue and Tennent Avenue. This is a low maintenance property in an attractive setting adjacent to a beautifully landscaped public park in back and city owned and maintained free parking area in front.
The land the building occupies is the entire property. There is no surplus land.
The building is of modern engineered wood frame construction, built in 2008, meeting all applicable energy efficiency standards and has fire sprinklers.
The building is fully occupied. All residential units are on the second floor. They include one 2 bedroom, 2 bath unit, one 1-bedroom, 1 bath unit, and one studio. Each unit has a shower over a tub and its own washer and dryer. The kitchens have stone counter tops over cherry wood cabinets and quality appliances. Each residential unit has its own water meter, central gas heat and on-demand hot water.
The total commercial area is about 2087 square feet. The hair salon in Unit A has 641 square feet and two sinks with on-demand hot water. The office in Unit B has 906 rentable square feet, a wet bar with on-demand hot water and cabinets and its own ADA compliant rest room. The office in Unit C has 421 square feet and a wet bar with cabinets. Units A and C share an ADA compliant restroom and its access hall, an overall area of about 119 square feet. All commercial spaces have air conditioning, on-demand hot water, suspended T-bar acoustic ceilings and recessed lighting.
Ceilings are about 9′ in all units.
Tenants in all of the residential units and in commercial Unit B pay their own separate metered utilities while commercial units A and C share utility meters. Landlord provides water and sewer services for commercial units and refuse (garbage collection) and re-cycling services for all tenants.
Pinole Redevelopment Agency owns the parking lot, the surrounding grounds, the park in back and all landscaping and maintains them for $97 per month
