3692 Castro Valley BlvdCastro Valley, CA 94546

Property Details for 3692 Castro Valley Blvd

Year built

1959

Construction

TILT-UP CONCRETE

Lot size

0.29 AC

Property size (Sq ft)

2,780 SF

Property type

Retail space

APN

84C-724-91-2

APU

84C724912

Description

This exceptional investment opportunity presents a 2,780 square foot multi-tenant retail building situated at 3692 Castro Valley Boulevard in Castro Valley, California (94546). The property, built in 1959, sits on a 12,753 square foot lot and features one single-story building with two units. Unit A, a 1,987 square foot space, is currently occupied by Rudy's Donuts, a long-standing tenant (since 1988) operating on a month-to-month lease. Unit B, a 793 square foot retail space, is currently vacant. The asking price is $1,749,000, translating to $629.14 per square foot. The property boasts excellent visibility along Castro Valley Boulevard, benefiting from strong demographics and high traffic counts. The existing kitchen hood in Unit A makes it ideally suited for a café or similar food service establishment. Beyond its current configuration, this property presents significant owner-user and commercial redevelopment potential. Further redevelopment possibilities can be explored by contacting Alameda County. The property's APN is 84C-724-91-2 and is zoned CVBD-S10. Showings require prior arrangement due to the ongoing business operations. This is a rare chance to acquire a well-located, established property with considerable upside.

• CAP approach

  CAP return

  Valuation

  6%

  $1,887,445

  6.5%

  $1,742,257

  7%

  $1,617,810

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,313,904

  Geo Method

  $1,953,932

• Alternative Use

  Use

  Valuation

  Residential

  $1,469,659

  Hospitality

  $1,346,200

  Educational

  $1,120,022

  Medical

  $1,158,542

  Retail

  $1,742,257

Location Insight

City

Castro Valley

County

Alameda

State

California

Latitude

37.6951

Longitude

-122.071

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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