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$ 1,500,000
Est. payment /mo
Price Dropped by $1.0M
900 Masonic Avenue Albany, CA 94706
2,178 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41136641
HOA Y/N No
Year Built 1948
Annual Tax Amount $57,000
Lot Size 2,178 Sqft
Property Description
The retail corner at 900 Masonic in Albany, California presents a rare opportunity to acquire a fully flexible, multi-tenant commercial asset in one of the East Bay's most supply-constrained submarkets. Positioned along a visible neighborhood corridor with steady local traffic, the property benefits from strong daily essentials demand driven by nearby residential density, schools, and commuter movement through the Albany–Berkeley edge. Currently configured with a mix of a restaurant, tax office, and barbershop, the building reflects a classic “small-bay retail” income profile that historically performs well in recession-resistant categories. The property allows an investor or developer to reset the basis, reposition the tenancy mix, and immediately capture market rents without legacy lease constraints or tenant complications. The upside here is primarily driven by flexibility. An owner-user can occupy part or all of the space while leasing the remainder, while a pure investor can re-tenant with stronger credit service providers, fast-casual food operators, wellness uses, or boutique retail concepts. Given the corridor's character, there is also potential for curated mixed-use activation that better aligns with current Albany zoning trends and neighborhood preferences. The City of Albany's generally supportive stance toward modest density increases in commercial corridors adds optionality for future repositioning, even if near-term value is primarily income-driven rather than ground-up redevelopment. This is a clean-slate East Bay retail asset with meaningful repositioning leverage. The buyer avoids transitional friction and gains the ability to immediately execute a leasing strategy aligned with current market demand. In a tight submarket like Albany, that combination of visibility, flexibility, and reset tenancy creates a compelling value-add opportunity with strong long-term hold characteristics.
Location
State CA
County Alameda
Zoning Retail
Interior
Fireplace No
Others
Tax ID 6526525
Listed by Nolan Jones KELLER WILLIAMS TRI VALLEY REALTY #01509417