611-619 85Th Ave Oakland, CA 94621
- Retail properties
- 18,517 SF
- 0.99 lot acres
Current Use by Public Records
- Retail properties
Property Details for 611-619 85Th Ave
- Lot size
- 0.99 lot acres
- Property size
- 18,517 SF
- Property type
- Retail properties
Description
This exceptional Oakland retail property, located at 611-619 85th Ave, offers a compelling investment opportunity with a strong 8.07% cap rate. The property encompasses 18,517 square feet on a 0.99-acre lot (APN 42-4318-34 & 42-4318-32-11) and boasts 100% occupancy with long-term tenants who have made significant capital improvements to their spaces. The property is zoned IG/CIX-2, providing flexibility for future uses. The multi-tenant nature of the building presents a significant upside potential for rental income growth. The asking price is $2,600,000, translating to a price per square foot of $140. Significant features include heavy power infrastructure and a 50% lot coverage. This is a rare opportunity to acquire a well-located, high-performing retail asset in a thriving Oakland market. The gross lease structure simplifies management, and the existing tenant base provides immediate cash flow. This property is ideal for investors seeking a stable, high-yield investment with significant long-term growth potential. The property is situated in Alameda County, California, with the precise address being 611-619 85th Ave, Oakland, CA 94621.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.192
- Latitude
- 37.7432
