950 Grand Ave Oakland, CA 94607-3576

This exceptional investment opportunity presents a vacant, newly constructed (2021) Class B retail condominium located at 950 W Grand Ave, Oakland, CA 94607. The property, a corner unit within a shopping center, offers 1,551 square feet of space, priced at $370,000 ($270.15/sq ft). The property is zoned CC-2 Community Commercial District and benefits from a highly desirable location less than a mile from the 19th Street Oakland BART station, providing excellent access to public transportation. Its strategic position also ensures high foot traffic from the surrounding residential neighborhood and convenient access to major freeways (80, 880, and 980). The property is currently vacant, offering immediate occupancy and flexibility for a wide range of retail uses. This NNN lease type property boasts a 6.50% cap rate, making it an attractive investment for both individual owners and portfolio investors. The building is a recent construction, minimizing potential maintenance and repair costs in the near future. This is a rare opportunity to acquire a well-situated, modern retail space in a thriving Oakland neighborhood. Note that this is one of three available units within the shopping center