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  $1,490,000

  City:

  Alameda

  Zip Code:

  94501

  This property is in a prime location, with commercial and residential areas nearby. The potential new owner has the option to maintain the property as it is and generate good rental income or proceed with the final step of obtaining construction approval. This commercial space presents a promising opportunity for development into a mixed-use building with ten units. The previous owners have already gone through the necessary public hearing and design review process, and their plans have been approved. The only remaining step for the new owner is to obtain approval from the Building Department for the permit process. The building currently houses two retail spaces. One of these spaces, Lincoln Market, is a well-known establishment in the neighborhood with a rich history as an independently operated landmark in Alameda. The other space, Unit 2064, is currently vacant