Income-Generating Commercial Property
344 A St Hayward, CA 94541
344 A St, Hayward, CA, 94541
$3,888,888
For Sale
$3,888,888
Three income-generating parcels with retail, restaurant, and office spaces.
Property Size21,239 SF
Lot Size0.24 Acres
Price / SF$183.10
Days on Market637
Property Features for 344 A St
General Information
- Standard status
- Active
- Size
- 21,239 SF
- Lot size
- 0.24 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1966
Listing Agency
FOHL REALTY & INVESTMENTS
(510) 728-8610
Listed by
LORENA GONZALEZ · License #02092918
Source
Corcoran
Added: Oct 22, 2024 Checked: Jul 19 at 5:10 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FOHL REALTY & INVESTMENTS
Investment Insights
Based on property information with market context.
This is an investment opportunity to acquire a package of three income-generating parcels. The first parcel features a 3,000 sq ft retail building on a 10,476 sq ft lot. It also includes leased solar panels. The second parcel boasts a 5,472 sq ft lot. The third parcel includes a 1,874 sq ft restaurant building sitting on a 5,291 sq ft lot, suitable for restaurant or retail purposes. The third parcel also includes a building currently housing an office and a salon. There are 24 parking spaces on site. All properties are currently leased and generating rental income. The total property size is 21,239 sq ft. The location is central with high traffic, offering visibility and accessibility.
Key Highlights
- Package of 3 income‑generating parcels.
- High‑traffic, central location.
- Currently leased with existing rental income.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $484.2k | $22.80 |
| − Vacancy | −$36.3k | −$1.71 |
| EGI | $447.9k | $21.09 |
| − OpEx | −$112.0k | −$5.27 |
| NOI | $335.9k | $15.82 |
21,239 SF · lease $22.80/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.80M
$4.20M – $5.60M
NOI $335,948 @ 7.0% cap · market cap 8.64%
Second Best
Retail
$4.22M
$3.69M – $4.92M
NOI $295,122 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$6.57M
$5.74M – $7.66M
NOI $459,578 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Se Corta Carne ...
Take-out & Catering
Similar For Sale Nearby
Similar Off Market Nearby
- La Esperanza Tricolor — 340 A St, Hayward, CA 94541
- El Ranchito super Mercado — 24058 Grand St, Hayward, CA 94541
- El Mercadito de Elias — 24058 Grand St, Hayward, CA 94541
- El Mercadito Elias — 24058 Grand St, Hayward, CA 94541
- Arteagas Food Center — 236 A St, Hayward, CA 94541
FAQs
What type of property is this?
Grocery and convenience store - Three income-generating parcels with retail, restaurant, and office spaces.
Where is this grocery and convenience store located?
The property is located at 344 A St Hayward, CA.
What is the asking price?
The asking price for this property is $3,888,888.
What are key features of this property?
This property features: Package of 3 income‑generating parcels.; High‑traffic, central location.; Currently leased with existing rental income.
