37981 Niles BlvdFremont, CA 94536

Property Details for 37981 Niles Blvd

Year built

1986

Construction

WOOD

Lot size

0.52 AC

Property size (Sq ft)

5,510 SF

Property type

Retail properties

Property subtype

Retail space

APN

507-160-3-3

APU

50716033

Description

This exceptional 900-square-foot retail space is ideally situated at 37981 Niles Boulevard in Fremont, California, 94536. The property boasts a single-tenant occupancy, offering a blank canvas for a variety of commercial ventures. Built in 1984, the building sits on a sizable 0.52-acre lot, providing ample space and potential for outdoor displays or expansion. The property features 19 parking spaces, ensuring convenient access for customers and employees. The zoning designation is Commercial General with Historical Overlay (CG HOD), offering flexibility within the established historical context of the area. Located in Alameda County, this property benefits from excellent visibility and accessibility, making it an attractive opportunity for businesses seeking a high-traffic location. The entire 900 square feet is currently vacant, presenting a unique chance to customize the space to perfectly suit your business needs. This is a rare opportunity to establish a presence in a thriving Fremont commercial district. The property's size and location make it suitable for a wide range of retail uses, from boutiques and cafes to service-oriented businesses. The ample parking further enhances its appeal to potential customers. Don't miss this chance to secure a prime retail location in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,108,500

  6.5%

  $2,869,384

  7%

  $2,664,428

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,872,721

  Geo Method

  $3,872,721

• Alternative Use

  Use

  Valuation

  Residential

  $2,420,433

  Hospitality

  $2,217,104

  Educational

  $1,844,604

  Medical

  $1,908,043

  Retail

  $2,869,384

Location Insight

City

Fremont

County

Alameda

State

California

Latitude

37.576

Longitude

-121.972

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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