Rare Owner-User & 75% LTV at 5%! 4006 Macarthur Blvd

4006 Macarthur Blvd , Oakland, California, 94619 | 1,500 sq.f | $ 899,000

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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