JUST LISTED! REDEVELOPMENT OPPORTUNITY, ZONED COMMERCIAL/RESIDENTIAL MIXED USE

6991 Thornton Ave.

Newark, CA 94560

 

Offered at $875,000

 

AVAILABLE FOR VIEWING

This unique two-story property has a 5,200 sq ft building on a 9,912 sq ft lot (approximate, per tax records). The building, built in 1933, had a bar that was operational up until a few months ago, and nine rental units upstairs. In the past, other downstairs businesses included a grocery store and insurance company. There is also a large unpaved parking area. 1.5 baths upstairs,  1 bath downstairs, full kitchen for bar, small unfinished basement. No laundry facilities.

The building would require extensive updates, but also presents a great developer opportunity--per County Assessor's office, up to 45ft (approx. 4 stories) is allowed. Buyer responsible for independently confirming.

Busy Newark location across from All Star Hamburgers, near several shops, restaurants and apartments, as well as the 200 and 620 bus lines.

Property At-a-Glance:

  • 5,200 sq ft on 9,912 sq ft lot (per tax records)

  • Zoned commercial/residential mixed-use

  • Commercial space downstairs, nine rental units upstairs

  • Built in 1933. Extensive updates or redevelopment needed.

  • Unpaved parking area

  • 1.5 bathrooms upstairs, 1 bathroom downstairs