27795 Msn Blvd Hayward, CA 94544-4148
- Automotive properties
- 600 SF
- 0.46 lot acres
Dec 10, 2020
Current Use by Public Records
- Car Bazaar Inc / Used Car Dealer
Property Details for 27795 Msn Blvd
- Year built
- 1964
- Construction
- WOOD
- Lot size
- 0.46 lot acres
- Property size
- 600 SF
- Property type
- Automotive properties
- APN
- 452-68-24-3
- APU
- 45268243
Description
This exceptional investment opportunity presents a prime 0.46-acre (19,925 sq ft) lot at 27795 Mission Blvd, Hayward, CA 94544, zoned MB-CC. The property features a 600 sq ft building currently leased to Car Bazaar Inc., a local dealership, under a Net Lease (NNN) agreement with five years remaining and a five-year option. The asking price is $1,695,000, representing a compelling $85/sq ft land value and a strong 5.44% cap rate, generating a net operating income (NOI) of $89,750. The property boasts excellent visibility in a thriving commercial area with a diverse mix of businesses, shops, restaurants, and residential properties. Its convenient location offers easy access to public transportation and is approximately eight minutes from downtown Hayward. This presents a significant upside potential for investors seeking passive cash flow and future development opportunities, capitalizing on value appreciation in a dynamic market. Seller financing is available. The property's location within the culturally rich and economically diverse city of Hayward, California, further enhances its investment appeal. This is a rare chance to acquire a well-positioned asset in a rapidly growing area of the Bay Area.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,140,000
- ML approach
- $1,165,000
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Location Insight
- Map
- Local Demand
- City
- Hayward
- County
- Alameda
- State
- California
- Longitude
- -122.059
- Latitude
- 37.6402
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA