Corner Lot Retail Development
556 W Grand Ave Oakland, CA 94612
556 W Grand Ave, Oakland, CA, 94612
Contact for pricing
For Sale
Contact for pricing
Corner lot with existing commercial structures and two billboards providing rental and revenue sharing.
Property Size14,877 SF
Price / SF$235.26
Days on Market50
Property Features for 556 W Grand Ave
General Information
- Standard status
- Active
- Size
- 14,877 SF
- Property subtype
- Land, Retail
Building Details
- Year Built
- 1940
Listing agency
California Capital & Investment Group
Listed by
Michael McGuire · License #CA 01790296
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 8:05AM
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 California Capital & Investment Group
Investment Insights
Based on property information with market context.
556 W Grand Avenue presents a corner lot development or owner-user opportunity in Oakland, featuring approximately 32,670 SF of land and about 14,877 SF of existing commercial structures. The property includes two billboards that produce monthly rent and revenue sharing, adding an income component alongside the physical improvements.
The site has street frontage on three sides, with significant building frontage along the busy W Grand Avenue corridor. According to the public remarks, the property is located just a couple blocks away from major freeways and is less than a 10-minute walk from BART, supporting convenient access for both tenants and visitors.
For buyers, the combination of land area, existing commercial space, and strong frontage on a high-traffic retail corridor may support a range of redevelopment or repositioning strategies, whether as a developer site or an owner-user with income generation from the billboards. The straightforward configuration and transit adjacency may also be appealing for tenants seeking visibility and convenient access.
The site has street frontage on three sides, with significant building frontage along the busy W Grand Avenue corridor. According to the public remarks, the property is located just a couple blocks away from major freeways and is less than a 10-minute walk from BART, supporting convenient access for both tenants and visitors.
For buyers, the combination of land area, existing commercial space, and strong frontage on a high-traffic retail corridor may support a range of redevelopment or repositioning strategies, whether as a developer site or an owner-user with income generation from the billboards. The straightforward configuration and transit adjacency may also be appealing for tenants seeking visibility and convenient access.
Key Highlights
- +/- 32,670 SF corner lot at 556 W Grand Avenue with street frontage on three sides
- +/- 14,877 SF of existing commercial structures
- Two billboards generating monthly rent and revenue sharing
Local Financial Insights For 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 | $435.6k | $29.28 |
| − Vacancy | −$23.5k | −$1.58 |
| EGI | $412.1k | $27.70 |
| − OpEx | −$123.6k | −$8.31 |
| NOI | $288.5k | $19.39 |
14,877 SF · lease $29.28/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.12M
$3.61M – $4.81M
NOI $288,453 @ 7.0% cap · market cap 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.87M
$4.26M – $5.68M
NOI $340,948 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Corner lot with existing commercial structures and two billboards providing rental and revenue sharing.
Where is this commercial land located?
The property is located at 556 W Grand Ave Oakland, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: +/- 32,670 SF corner lot at 556 W Grand Avenue with street frontage on three sides; +/- 14,877 SF of existing commercial structures; Two billboards generating monthly rent and revenue sharing
