22549 Foothill BlvdHayward, CA 94541

Property Details for 22549 Foothill Blvd

Year built

1955

Construction

TILT-UP CONCRETE

Lot size

0.07 AC

Property size (Sq ft)

2,850 SF

Property type

Retail properties

Property subtype

Retail space

APN

428-61-44

APU

4286144

Description

This exceptional 3,690 square foot, Class A storefront retail building, located at 22549 Foothill Boulevard in Hayward, California, is available for $2,050,000. Built in 1933 and extensively renovated in 2019, this single-tenant, vacant property boasts a modern design with stylish stone and glass façade. The interior features high ceilings, energy-efficient lighting, explosion-proof electrical fixtures, and extensive utility service, including a newly added 400-amp 3-phase electrical service. A significant investment of over $2,500,000 in build-out and improvements has created a state-of-the-art space ideal for a distillery or food manufacturing operation. The property sits on a 3,001 square foot lot in a high-traffic area with ample street and public parking. Additional features include three commercial A/C units, a boiler, and heavy HVAC. A fire suppression system is installed but requires connection to the water main. The exterior is tag/graffiti proof with a sacrificial coated finish. The property is zoned Central City Commercial Zoning District (CC-C) and benefits from its location in the "Economic Zone," offering potential development assistance. The building's prime location provides excellent public transportation access and proximity to major freeways. An expansive outdoor gathering space with abundant greenery is perfect for events. This owner/user investment opportunity presents a unique chance to acquire a meticulously renovated retail space in a thriving downtown location. The property was appraised in 2022 for $2,600,000. Vacancy date is October 3, 2023.

• CAP approach

  CAP return

  Valuation

  6%

  $1,934,971

  6.5%

  $1,786,127

  7%

  $1,658,546

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,372,167

  Geo Method

  $2,003,132

• Alternative Use

  Use

  Valuation

  Residential

  $1,506,665

  Hospitality

  $1,380,097

  Educational

  $1,148,224

  Medical

  $1,187,714

  Retail

  $1,786,127

Location Insight

City

Hayward

County

Alameda

State

California

Latitude

37.6743

Longitude

-122.082

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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