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Listed by Thomas Garabedian Cone, DRE #02034258 • Red Oak Realty
$ 1,600,000
Est. payment | /mo
4,687 SqFt
$ 1,600,000
Est. payment | /mo
4,687 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 4,687 sqft
Price per Sqft $341
MLS Listing ID EB41148906
Year Built 1956
Lot Size 4,687 Sqft
Property Sub-Type Commercial Property
Source Bridge MLS
Property Description
Fully-leased 5 unit retail investment opportunity located in Oakland's vibrant Temescal district. 4935 Shattuck Ave is anchored by the Michelin Guide-recommended restaurant Snail Bar. Remaining tenants include a cafe, an additional restaurant equipped with a full kitchen build-out, a hair salon and an African market. With an average of 4+ years remaining on the existing leases, investors will benefit from immediate stable cash flow and annual rent escalations that offer steady upside. Property currently generates $166,170/yr in gross scheduled income and is being offered at 6.37% cap rate. Contact brokers for more information.
Location
State CA
County Alameda
Area Oakland Zip Code 94609
Exterior
Exterior Feature Stucco
Garage Spaces 1.0
Roof Type Other
Others
Tax ID 14-1217-12
Special Listing Condition Price Change, Not Applicable
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