Property summary
This exceptional two-story medical office building, located at 22561 Main Street in Hayward, California, presents a unique investment opportunity. The 3,250 square foot building, constructed in 1912 and classified as Class B, is situated on a 3,358 square foot lot and features two units. Currently, the building enjoys 50% occupancy, with the ground floor (1,500+ square feet) vacant and readily available for an owner-user or new tenant. The upper floor generates additional income from an existing tenant. The property boasts four on-site parking spaces, supplemented by a city lot at the rear, providing ample parking for patients and staff. Zoned DT-MS, this property benefits from its prime downtown Hayward location, offering convenient access to public transportation, including BART. The asking price is $798,000, translating to $245.54 per square foot. This gross lease property offers a compelling blend of immediate income potential and future growth opportunities in a thriving urban setting. The Alameda County location, with APN 428-56-55&56, and zip code 94541, ensures easy access to a wide range of amenities and services. This is a rare chance to acquire a well-located medical office building with significant upside potential.
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
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