950 Grand AveOakland, CA 94607

Property Details for 950 Grand Ave

Year built

2021

Construction

WOOD

Lot size

2.97 AC

Property size (Sq ft)

1,551 SF

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

5-430-158

APU

5430158

Description

This exceptional investment opportunity presents a vacant, newly constructed (2021) Class B retail condominium located at 950 W Grand Ave, Oakland, CA 94607. The property, a corner unit within a shopping center, offers 1,551 square feet of space, priced at $370,000 ($270.15/sq ft). The property is zoned CC-2 Community Commercial District and benefits from a highly desirable location less than a mile from the 19th Street Oakland BART station, providing excellent access to public transportation. Its strategic position also ensures high foot traffic from the surrounding residential neighborhood and convenient access to major freeways (80, 880, and 980). The property is currently vacant, offering immediate occupancy and flexibility for a wide range of retail uses. This NNN lease type property boasts a 6.50% cap rate, making it an attractive investment for both individual owners and portfolio investors. The building is a recent construction, minimizing potential maintenance and repair costs in the near future. This is a rare opportunity to acquire a well-situated, modern retail space in a thriving Oakland neighborhood. Note that this is one of three available units within the shopping center

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.8156

Longitude

-122.28

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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