446 Railroad Ave, Pittsburg
$2,650,000

Residence Details:

  • 7 bedrooms
  • 2 large offices (each with own private entry)
  • art gallery
  • 3 full bathrooms
  • 2 1/2 bathrooms
  • full library with study
  • formal sitting room
  • great room
  • formal dining room
  • breakfast nook
  • Kitchen with Thermador Professional range
  • den
  • basement man cave
  • separate guest apartment with its own kitchenette, washer and drier and bathroom
  • ample basement storage
  • private alleyway garden with deck
  • ~3,600 square foot event space for parties, showings, other retail rental, etc.
  • mixed use space for live, work, play
  • a space with strong individuality while at the same time a sense of place for the community
  • a gathering space for art shows and music venues as well as other events - taking advantage of central location in the historic old downtown

 

Floor plan Details”

  • 2,173 sq ft first floor residence
  • 1,933 sq ft second floor residence
  • 2,000 sq ft basement residence
  • 775 sq ft rumpus room/office
  • 1,960 sq ft first floor studio
  • 1,668 sq ft second floor studio
  • 1,960 sq ft basement studio
  • 3,796 sq ft restaurant
  • 896 sq ft restaurant basement
  • 850 sq ft alleyway garden area

 

7 Bedrooms / 5 Baths / 18,000 Sq. Ft. / 9,365 Lot

Features and Amenities

An amazing opportunity beckons to acquire this unique mixed use residential and income property and the best real estate asset in Pittsburg! This 18,000sqft+ concrete fortress with poured in place concrete walls, old-growth Redwood-rafter framing, and over the top upgrades including: entire building renovation, all new electrical and all new plumbing, façade restored, fire sprinklers and much more-  make this eclectic residence, art studio, gallery, and top restaurant an amazing investment and lifestyle opportunity.

Flexibility is the key characteristic of this building as a cornerstone real estate asset in your portfolio: condo conversion opportunities, income potential, restaurant, and additional mixed-use commercial.

  • Express BART station is 3 minute drive or bus ride to 50 min BART into San Francisco.
  • This building is an ideal 1031 Investment.
  • Pittsburg is now a thriving-key-Bay Area commerce hub.

Restaurant Lease Details:

444 Railroad Ave - La Veranda Ristorante Italiano               

3,796 sqft             

Lease Expiration 9/30/22

Restaurant Pays Monthly Rent NNN (less property taxes)

6/1/17 – 5/31/18            $5,087.00
6/1/18 – 5/31/19            $5,341.35
6/1/19 – 5/31/20            $5,608.42
6/1/20 – 5/31/21            $5,888.84
6/1/21 – 9/30/21            $6,183.28

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