516 Ward St, Martinez, California 94553, Martinez, 94553 - 7 bed, 1 bath
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Martinez, California 94553
This property presents a High-Potential Investment Opportunity with a List Price of $500,000—positioned well below the $514,657 Fair Market Value by 2%. This valuation gap offers $14,657 in Instant Equity for buyers. Featuring a Condition Rating of 5, the property requires a complete rehabilitation to restore its residential utility. Its downtown location and flexible layout provide significant upside for Fix-and-Flip Investors or Contractors capable of navigating the necessary zoning and permitting requirements for a full conversion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 516 Ward St Subject | $500,000* List Price | 7 | 1 | 1,703 | $302 | - |
A 604 Berrellesa St Pending | $625,000 List Price | 5 | 2 | 1,964 | $318 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1922 and currently configured as a motorcycle repair shop, this property is a major fixer-upper requiring a complete residential rehabilitation. It lacks a functional kitchen, has only one bathroom for a large footprint, and shows significant wear and outdated systems consistent with its age and commercial use.
Situated just one block from Main Street, the property enjoys exceptional walkability and visibility within Martinez's vibrant downtown district, close to shops, dining, and community events.
The unique layout featuring a storefront showroom and a large rear workshop offers diverse possibilities for residential conversion, commercial use, or a creative mixed-use project.
Priced as a major fixer-upper, this property presents a rare 'blank canvas' for investors and contractors to build substantial equity through a complete renovation in a high-demand area.
The property is in 'major fixer-upper' condition and sold as-is, requiring significant capital investment for structural, cosmetic, and system upgrades to make it functional.
Any transition between residential and commercial use requires verification and approval from the City of Martinez, adding a layer of risk and potential delay to the development process.
Opportunity Knocks in the Heart of Downtown Martinez! Located just one block from vibrant downtown Main Street, 516 Ward Street offers a rare chance to reimagine a property with endless potential. Formerly operated as a motorcycle sales and repair business, the property features a storefront/showroom in the front and a large workshop area in the rear. Originally built as a single-family residence, portions of the home's original layout and features remain, including a bathroom, offering intriguing possibilities for future use. This is a major fixer-upper and is being sold in its present condition, making it ideal for investors, entrepreneurs, contractors, or visionaries looking to create something special. Buyers are encouraged to verify with the City of Martinez regarding permitted uses and the possibility of converting the property back to a residence, utilizing it for commercial purposes, or exploring mixed-use options. With its prime location near shops, restaurants, breweries, and community events, this property presents a unique opportunity to invest in one of Martinez's most desirable downtown districts. Bring your imagination and unlock the potential of 516 Ward Street!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 99% |
| Baths | 1.0 | 2.0 | 14% |
| Square foot | 1,703 | 1,703 | 50% |
| Lot Size | 5,000 | 7,062 | 24% |
| Price | $500.0K | $850.0K | 4% |
| Price per sq ft | $294 | $500 | 2% |
| Built year | 1922 | 1966 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 116 | 1% |
Jun 4, 2026
$500,000
Initial Listing
Sep 8, 1999
$117,000
Public Record