1036 A StHayward, CA 94541

This three-story, 13,700-square-foot office building in Hayward, CA, presents a compelling investment opportunity. Located at 1036 A St, in the desirable North Hayward/Castro Valley Corridor, this property boasts excellent visibility and signage due to its location on a major arterial. Built in 1965, the brick-framed building features a flat tar and gravel roof and concrete slab foundation. The 0.48-acre lot includes a gated parking area with approximately 37 spaces, accessible from A Street and Maple Court. Currently, three floors are vacant, offering a strong repositioning opportunity. The property is zoned CG, allowing for office and storefront retail uses. With a Net Operating Income (NOI) of $51,499 and an asking price of $2,850,000, the cap rate is 1.81%. The property's APN is 428-0061-017-02. Significant redevelopment is underway in the immediate vicinity, further enhancing the property's long-term value. This is an exceptional chance to acquire a well-located asset with significant upside potential in a thriving area. The building consists of 628 units.