611-619 85Th AveOakland, CA 94621

Property Details for 611-619 85Th Ave

Lot size

0.99 AC

Property size (Sq ft)

18,517 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional Oakland retail property, located at 611-619 85th Ave, offers a compelling investment opportunity with a strong 8.07% cap rate. The property encompasses 18,517 square feet on a 0.99-acre lot (APN 42-4318-34 & 42-4318-32-11) and boasts 100% occupancy with long-term tenants who have made significant capital improvements to their spaces. The property is zoned IG/CIX-2, providing flexibility for future uses. The multi-tenant nature of the building presents a significant upside potential for rental income growth. The asking price is $2,600,000, translating to a price per square foot of $140. Significant features include heavy power infrastructure and a 50% lot coverage. This is a rare opportunity to acquire a well-located, high-performing retail asset in a thriving Oakland market. The gross lease structure simplifies management, and the existing tenant base provides immediate cash flow. This property is ideal for investors seeking a stable, high-yield investment with significant long-term growth potential. The property is situated in Alameda County, California, with the precise address being 611-619 85th Ave, Oakland, CA 94621.

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.7432

Longitude

-122.192

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