21463 Foothill BlvdHayward, CA 94541

Property Details for 21463 Foothill Blvd

Year built

1956

Construction

TILT-UP CONCRETE

Lot size

1.24 AC

Property size (Sq ft)

21,669 SF

Property type

Retail properties

Property subtype

Retail space

APN

414-86-56-2

APU

41486562

Description

This exceptional 14,928 square foot medical office space, formerly a Walgreens, presents a unique investment opportunity in Hayward, California. Located at 21463 Foothill Blvd, this single-tenant property boasts a highly desirable location at a high-traffic corner, benefiting from 49,020 daily vehicles passing on Foothill Boulevard and 7,423 on Grove Street. Its strategic position offers excellent visibility and accessibility for patients and staff. The building is zoned CG and features ample parking with 61 spaces, eliminating parking concerns for both employees and clients. While the building's square footage is currently listed as 0, the actual usable space is 14,928 square feet. The property is available for occupancy on December 1st. Its proximity to the 580 and 238 freeway exits ensures convenient access for a wide patient base. This established retail location provides a strong foundation for a thriving medical practice, making it an ideal opportunity for expansion or relocation. There are no elevators in the building. This property is perfect for a medical professional seeking a high-visibility, easily accessible location with ample parking.

• CAP approach

  CAP return

  Valuation

  6%

  $14,711,889

  6.5%

  $13,580,205

  7%

  $12,610,190

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,035,962

  Geo Method

  $15,230,126

• Alternative Use

  Use

  Valuation

  Residential

  $11,455,411

  Hospitality

  $10,493,095

  Educational

  $8,730,132

  Medical

  $9,030,374

  Retail

  $13,580,205

Location Insight

City

Hayward

County

Alameda

State

California

Latitude

37.6835

Longitude

-122.091

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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