About This Restaurant
Investment Highlights
75% LTV, Interest Only at 5% Seller Carry Loan Available Rare Opportunity to Purchase a Vacant Retail Space as an Investor or Owner User Unique Opportunity to Implement an NNN Investment Strategy and Receive a Consistent Cash Flow Stream With Minimal Management Stress Fully-Vacant Retail Unit Featuring a Vacant ADU in the Rear, Providing One Off-Street Parking Space and an Electric Security Gate Fixtures Included: Commercial Fridges, Stovetops, Fryers, & More! High Visibility With a Glass-Lined Frontage and Perfectly Located in Redwood Heights, Along a Busy Retail Strip on MacArthur Boulevard
Executive Summary
The Pinza Group presents an excellent retail investment opportunity, that is now fully vacant. This structure was built in 1929, and it has 1,500 square feet of space that can be rented out. It is located on a 2,766 SF lot. The building has a non-conforming ADU totaling about 400 square feet at the back of the property, which provides investors with an additional revenue stream if they decide to lease the unit at market rate. There is one off-street parking space available. The retail space is versatile, providing investors with the option to either lease back the property, owner-occupy the space, or find a new tenant at market rate. All fixtures, including commercial fridges, stovetops, and fryers, are included in the sale. This property presents investors or operators with the ability to implement a NNN investment strategy, which can provide them with a consistent stream of rental income with less management stress.
Property Details
- Sale Type Investment or Owner User
- Sale Conditions High Vacancy Property High Vacancy Property Redevelopment Project High Vacancy Property
- Property Type Retail
- Property Subtype Storefront Storefront General Retail Fast Food General Retail Restaurant Storefront
- Building Size 1,500
- Building Class C
- Year Built 1929
- Price 899,000
- Price Per SF 599
- Cap Rate 7.70
- NOI 69,231
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.57
- Land Acres 0.06 AC
Amenities
- Bus Line
- Restaurant
- Security System
- Signage
Property Taxes
Parcel Number | 030-1981-092-00 | Improvements Assessment | $91,938 |
Land Assessment | $651,631 | Total Assessment | $743,569 |
Date Created: | 2024-07-16 04:09:21 | Last Updated: | 2024-07-16 04:09:21 |
Address: | 4006 Macarthur Blvd , Oakland, California, 94619 |