Description

5800 Christie Avenue is a retail property for sale in Emeryville, CA, with 16,000 SF of gross leasable area on 0.79 acres. The offering pairs an existing building with an owner-user or redevelopment opportunity at a signalized intersection.

Built in 1968, the building has 16,000 SF of space on offer, including 16,000 SF of maximum contiguous space. Its 33 parking spaces include assigned parking, giving an occupier a dedicated parking arrangement. Christie Avenue carries 10,785 AADT, putting visibility at the center of the retail story. The property will be delivered vacant unless otherwise negotiated, allowing a buyer to plan around its own occupancy or re-tenanting strategy.

In the Emeryville submarket, the property sits one block from Interstate 80 with freeway visibility; Emeryville Amtrak Station is also one block away. Traffic exiting Interstate 80 or crossing the Powell Street bridge passes the property en route to the Public Market, IKEA and Bay Street Shopping Mall. Those connections place the building in the path of destination shoppers while giving an owner-user a location accessible by road and rail.

The asking price is $6,400,000, or $400 PSF, with an acreage price of $8,101,266 per acre. MUR/TH zoning and the Transit Hubs overlay give redevelopment buyers a separate path to examine alongside reuse of the existing building. The owner will consider an entitlement sale and offers that allow time for entitlements, with quarterly payments after due diligence. For buyers weighing those approaches against an owner-user purchase, the Offering Memorandum is the next step.