2881 Castro Valley BlvdCastro Valley, CA 94546

Property Details for 2881 Castro Valley Blvd

Year built

1979

Construction

WOOD

Lot size

0.35 AC

Property size (Sq ft)

12,063 SF

Property type

Investment properties

Property subtype

Live-work space

APN

84A-17-6-1

APU

84A1761

Description

This exceptional 6,000 square foot retail strip center, located at 2881 Castro Valley Boulevard in Castro Valley, California (zip code 94546), presents a unique investment opportunity. The entire 6,000 square feet is currently vacant, offering flexibility for a single large tenant or the potential to be divided into smaller spaces, with a minimum divisible unit of 1,179 square feet. The property is classified as Class B and is situated in Alameda County, benefiting from its location on a signalized intersection within Castro Valley's primary retail corridor. This high-traffic location ensures significant visibility and accessibility for businesses. The property's strategic position near major roadways and a dense residential and commercial area guarantees consistent foot traffic throughout the day and evening. Hayward/Castro Valley's recent growth as a highly sought-after retail submarket in the East Bay further enhances the property's investment potential. This is an ideal location for businesses seeking high visibility and a strong customer base in a thriving community. The property offers a rare chance to establish a presence in a dynamic and rapidly developing retail area. The address is 2881 Castro Valley Blvd, Castro Valley, CA 94546.

• CAP approach

  CAP return

  Valuation

  6%

  $5,571,442

  6.5%

  $5,142,869

  7%

  $4,775,521

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,984,330

  Geo Method

  $3,364,491

• Alternative Use

  Use

  Valuation

  Residential

  $6,377,158

  Hospitality

  $5,841,442

  Educational

  $4,860,011

  Medical

  $5,027,154

  Retail

  $7,560,018

Location Insight

City

Castro Valley

County

Alameda

State

California

Latitude

37.695

Longitude

-122.083

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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