On the Market: 5 Small-Business Listings for May
This month's listings span the country, from historic converted lofts in Grand Rapids, Mich., to a mixed-use condo/retail asset in Brooklyn.
On the Market is a monthly department curating the most interesting recent for-sale CRE assets for less than $10 million. If you have a commercial real estate asset that you’d like to share with our readers, please email it to Associate Editor Mallory Bulman.
1379 W. 6th St.
Location:Â Brooklyn, NY
Price: $1.3 million
Building Size: 4,400Â SF
Price/SF: $284.09
Property Type:Â Office
Highlights:Â Five-story class A office building; built in 2006; lower level of residential condo building well suited for daycare or medical practices; recently renovated; located off Bay Parkway and 65th Street close to Bensonhurst, Midwood and Borough Park neighborhoods.Â
Contact:Â Estie Fruend, Prime Choice Realty, 646-775-5594
10413-10415 Rockley Rd.
Location:Â Houston, Texas
Price: $815,000
Building Size: 5,200 SF
Price/SF: $2156.73
Property Type:Â Industrial/business park
Highlights:Â One-story renovated asset built in 2016; clear ceiling height of 16 feet; two drive-in/grade-level doors; partially leased; $5,000/month rental income; 14,610-SF lot size; 1,600-SF climate-controlled warehouse; 256-SF paint booth; more than 300 SF of retail space with separate entrance; located in deed-restricted business park near Bellaire, Stafford, Sugar Land and Missouri City.
Contact:Â Richard Frye, Adkisson Group, 832-628-5172
412 Monte Vista Ave.Â
Location:Â Oakland, Calif.Â
Price: $5 million
Units: 14
Building Size: 11,241Â SF
Price/Unit: $353,571.43
Property Type:Â Multifamily
Highlights:Â Asset built in 1908; 87 percent occupancy; 16,861-SF lot size; unit mix consists of six studios, eight one-bedroom/one-bathroom units with separate storage space and parking for each unit; historic interior character and details preserved; located in Piedmont Ave. neighborhood of Oakland; convenient access to Downtown Oakland and San Francisco, MacArthur BART station, Casual CarPool and 580 Freeway.Â
Contact:Â Grant Chappell, NAI Northern California, 510-336-4721
Harris Lofts Building
Location:Â Grand Rapids, Mich.Â
Building Size: 38,775Â SF
Property Type:Â Retail
Highlights:Â Historic building with four floors well suited for retail, offices, restaurants, events, galleries; building includes 10,537-SF finished basement; all floors have exposed brick walls and wood floors; renovated in 2015; located walking distance from Van Andel Arena, Grand Rapids Public Museum and Heartside Park.Â
Contact:Â Sam Madorsky, 248-865-0066
1150 Venice Blvd.Â
Location:Â Venice, Calif.Â
Price: $2.2 millionÂ
Building Size: 3,116 SF
Units: 4
Price/Unit: $556,250
Property Type:Â Multifamily
Highlights:Â Two-story asset built in 1952; 100 percent occupied; 4,442-SF lot size; unit mix consists of four one-bedroom/one-bath apartments; property is separately metered for all utilities including water; recent renovations include kitchens and bathrooms; each unit has washer/dryer connections and a garage; located walking distance from Abbot Kinney and beaches.Â
Contact:Â Tom Watkins, Pacific Peak Investment Real Estate Group, 310-488-1789
All information and images are courtesy of the respective broker or brokerage firm.
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