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Listed by Red Oak Realty
$ 1,600,000
Est. payment /mo
Active
4935 Shattuck Ave Oakland, CA 94609
4,687 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 4,687 sqft
Price per Sqft $341
Subdivision Temescal
MLS Listing ID 41148906
HOA Y/N No
Year Built 1956
Lot Size 4,687 Sqft
Property Sub-Type Comm Ind For Sale
Source Bridge AOR
Property Description
Fully-leased 5 unit retail investment opportunity located in Oakland's vibrant Temescal district. 4935 Shattuck Ave is anchored by the Michelin Guide-recommended restaurant Snail Bar. Remaining tenants include a cafe, an additional restaurant equipped with a full kitchen build-out, a hair salon and an African market. With an average of 4+ years remaining on the existing leases, investors will benefit from immediate stable cash flow and annual rent escalations that offer steady upside. Property currently generates $166,170/yr in gross scheduled income and is being offered at 6.37% cap rate. Contact brokers for more information.
Location
State CA
County Alameda
Interior
Fireplace No
Building
Lot Description Corner Lot