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200 Hegenberger Road - E-Entertainment, Oakland, CA
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200 Hegenberger Road - E-Entertainment
Oakland, CA 94621 - Oakland-Airport Submarket
.83 AC (36,155 SF)
For Sale Price:
28 Surface spaces are available; Ratio of 1.3/1,000 SF
This retail location is a prime location for retailers looking to benifit from the local growth and development. Recent retailers to move into the area include Wal-Mart, In & Out Burger, Bob Dron’s Harley Davidson (across the street now) and many others.
200 Hegenberger has strong future development potential with favorable CR-1 zoning and 160 foot height limit. Located between the 880 Freeway/ Oakland Coliseum and the Oakland International Airport it is well located to take advantage of the 14 million travelers Oakland Airport services per year and the strong traffic counts on Hegenberger Road.
The property has easy access to restaurants, hotels, Hegenberger Gateway Shopping Center, Oakland Airport, 880 Freeway, Coliseum BART Station, and to the Oakland Coliseum and future Coliseum City.
Great in place income and Development Potential!
Well located commercial property in high traffic location. Strong rents offering a 6.5% entry cap rate with annual rent increases raising the cap rate north of 7%. The property is currently fully leased to E-Entertainment, a restaurant/bar, entertainment, and pool hall venue. The building underwent expansion and renovations in 2011 and currently has a full commercial kitchen. There is parking in the front and rear of the building.
The lot is approximately 38,000sf, with CR-1 Zoning and 160 foot height which also provides for future development potential.
Potential for partial Seller Financing.
Located on Hegenberger Road with high traffic counts between the Oakland Coliseum and potential Coliseum City development and Oakland International Airport, which now services more than 14 Million travelers per year. Up and coming location with great future potential.
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