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$ 555,000
Est. payment | /mo
2,678 Sqft Lot
$ 555,000
Est. payment | /mo
2,678 Sqft Lot
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID ML81944019
HOA Y/N No
Year Built 1930
Annual Tax Amount $3,765
Lot Size 2,678 Sqft
Property Description
Looking for a lucrative investment property in the vibrant city of Oakland? Look no further! Month-to-Month Tenant & Excellent Frontage. This exceptional standalone building is currently leased to Mayflower Spa Body & Foot Massage, and has options for extending the current business or perfect for an owner-user space w/excellent signage visibility on a major arterial. An ideal addition to your investment portfolio at a 6.25% - 8% Pro Forma Cap. Build, owner-occupy, or expand! Situated Ivy Hill, this property enjoys excellent visibility & accessibility, ensuring a steady stream of customers for the tenant. Steady Income: Mayflower Massage has a well-established client base and a history of consistent rental payments, offering you a reliable source of income from day one. Upside Potential: Oakland's real estate market is on the rise, offering the potential for property value appreciation in the coming years.This investment could prove to be even more lucrative in the future.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning RU-5
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Roof Type Flat,Other
Building
Story 1
Water Public
Others
Tax ID 0220339015A
Listed by Carol Reen • Compass
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Escrow Joe
Realtor® | Lic# 01332311