2358 Tavern, Alpine, CA 91901 | 190047536 | Willis Allen Real Estate

2358 Tavern $2,395,000

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    2358 Tavern Alpine, CA 91901

    Closed
    SOLD 11/25/2019

    $2,395,000

    Market Estimate
    • 2.64 Acres
    • Commercial Lease
    • MLS# 190047536
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    Property Details

    EXTREMELY RARE OPPORTUNITY to own a fully developed 2.64 acre commercial property in Alpine CA. It is fully leased with staggered expiration dates and a good mix of tenants. It could be perfect for an owner-user with income or pure investment, Cap Rate 6.25%. The property is zone RC (Residential Commercial) and has a 1,246 SF residence on it with 13,529 SF of commercial improvements. These improvements incorporate a 3 unit 5,379 SF office building, 1,350 SF of storage garages consisting of 5 separate units, a 4,800 SF warehouse with interior office improvements, and an additional 2,000 SF warehouse split into two separate units both with interior improvements. In addition, there is a covered work area and fenced storage. There is plenty of parking and potentially room for other land uses. Owner may carry up to $1,000,000. SEE SUPPLEMENT Cooling: Central Forced Air Elec,Central Forced Air Gas

    Neighborhood

    91901 (Alpine) Demographics

    43 Median Age
    208 Population Density (per sq. mile)
    39% College Educated
    $81,603 Estimated Median Income
    4,855 Estimated Total Home Owners
    1,661 Estimated Total Renters
    75% / 25% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    18,586 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $612,500 Median Sales Price
    18 Homes Sold
    49 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        11/25/2019 12:00:00 AM Sold Source New Value: $2,395,000
        Based on information from California Regional Multiple Listing Service, Inc. as of 7/8/2020 5:16:35 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.