296 Hegenberger RdOakland, CA 94621

Property Details for 296 Hegenberger Rd

Year built

1961

Construction

TILT-UP CONCRETE

Lot size

0.33 AC

Property size (Sq ft)

3,850 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

44-5077-4-8

APU

44507748

Description

This exceptional opportunity presents a 3,850 square foot, fee-simple owned restaurant and bar located at 296 Hegenberger Road, Oakland, CA 94621. The property, built in 1961 and extensively renovated in 2005, boasts a Class B rating and sits on a large 14,500 square foot corner lot with 22 parking spaces. Currently operating as a Japanese restaurant with a full bar and patio, the sale includes all existing kitchen equipment. The property benefits from a highly visible location on Hegenberger Road, a four-way signalized intersection, and enjoys significant daily traffic counts (40,046 average). Its proximity to Oakland International Airport (11,146,229 passengers in 2022) ensures a consistent flow of customers. The property is zoned CR-1 (Commercial Regional), offering considerable redevelopment potential. The single-tenant building is currently 100% occupied, with occupancy dating back to December 31, 2021. A Type 47 Alcoholic Beverage License is also available for sale, adding significant value to this already lucrative investment. This owner-user opportunity presents a compelling combination of established income and future growth potential in a prime Oakland location. The asking price is $1,750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,465,130

  6.5%

  $1,352,428

  7%

  $1,255,826

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,801,645

  Geo Method

  $2,705,985

• Alternative Use

  Use

  Valuation

  Residential

  $1,140,823

  Hospitality

  $1,044,988

  Educational

  $869,418

  Medical

  $899,318

  Retail

  $1,352,428

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.734

Longitude

-122.198

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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