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2653 Old 1st St 4,842 sq ft 100% Let Retail Property Livermore, CA 94550 £2,000,511 (£413.16/sq ft) 5.95% Net Initial Yield
EXECUTIVE SUMMARY
An excellent opportunity to own a versatile automotive property in the heart of Downtown Livermore. The property is located at 2653 Old 1st Street (also identified as 2645 Old 1st Street, 2654 1st Street, and 2656 1st Street), this 0.51-acre site (22,127 sq. ft.) includes a 3,100 sq. ft. quick lube/auto repair shop that is leased on a long term 10-year deal giving stable income and also includes a 1,742 sq. ft. self-service car wash totaling 4,842 sq. ft which is leased on a month-to-month basis allowing an owner to occupy and run their own self-service car wash or to construct a new mini express car wash on the property. The quick-lube building offers two service bays with pits and two repair bays without pits, providing functional space for automotive services. Its' strategic location near residential neighborhoods and major transportation routes ensures convenience and accessibility. With strong potential for continued automotive use, this well-maintained property is a fantastic investment for business growth in Livermore and with multi-family residential develop adjacent to the Property, it offers a long term redevelopment play.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Property Size
4,842 sq ft
Costar Property Class
C
Year Built
1984
Price
£2,000,511
Price per sq ft
£413.16
Yield
5.95%
NOI
£119,012
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.22
Total Plot Size
0.51 ac
Use Class
Downtown Specific Plan
Parking
7 Spaces (1.45 Spaces per 1,000 sq ft Leased)
Frontage
AMENITIES
- 24 Hour Access
- Signage
- Drive Thru
- Wheelchair Accessible
- Monument Signage
Walk Score®
Excellent pedestrian access (93)
Bike Score®
Good for cycling (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 098-0275-017-00 | Improvements Assessment | £786,275 (2025) |
| Land Assessment | £471,765 (2025) | Total Assessment | £1,258,040 (2025) |
PROPERTY TAXES
Parcel Number
098-0275-017-00
Land Assessment
£471,765 (2025)
Improvements Assessment
£786,275 (2025)
Total Assessment
£1,258,040 (2025)
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2653 Old 1st St
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