Search Results for 

2601 - 2619 Oliver Drive, Hayward, CA

Welcome to SHOWCASE.COM, the Web's most comprehensive source of commercial property data, where you can search from 900,000 listings nationwide. To see more Commercial Real Estate listings, Office Space, Industrial Space, Retail Space, Commercial Land, Multi-Family or other commercial property types, just click the button to the right.
2601 - 2619 Oliver Drive

Hayward, CA 94545-4137 - W Hayward/Castro Valley Submarket

Property Type:Retail Sub Type:- Status:Existing Year Built:1980
Building Size:6,000 SF Land Area:.55 AC (23,958 SF)
For Sale Price:$2,495,000 Price/SF:$415.83
Cap Rate:5.44 %
Parking:33 Surface spaces are available; Ratio of 5.56/1,000 SF
Features:Pylon Sign

Property Description: Strip Center

Sale Notes:

Hayward Retail Center***7 Tenants***100% Occupancy

Avison Young is please to present this 6,000 square foot neighborhood shopping center in the heart of Hayward. The center is home to a blend of seven (7) different retailers who have enjoyed the success of this location over the years. The current cap rate based on the actual net income (using the new tax base) offers an investor a 5.44% cap rate. Rents are under market, and all but 2 leases are on a NNN basis. The rents should be brought up to market, and the balance of the Modified Gross leases should be converted to a NNN basis. There is excellent upside in this well located retail center.

There is also excellent potential for development as this 24,000 square foot lot is zoned PD (Planned Development). A Planned Development zoning is put in place to encourage new development and foster residential as well as non-residential development.

2613 Oliver Drive is located in a well to do densely populated neighborhood of Hayward, CA. Surrounded by parks, apartments and single family homes, this center is the only retail available to the residence in the immediate area

Avison Young
Lloyd H Bakan
(424) 265-9194

Jon Geary
(650) 425-6415

Share this listing

Copy and paste this HTML into your blog or web page:
<a href="" target="_blank">2601 - 2619 Oliver Drive, Hayward, CA - Commercial property</a>

Send Email
Add a personalized message: (Optional)
Copyright © 1997-2018 CoStar Realty Information, Inc. All rights reserved.  |  About SHOWCASE.COM |  Advertise |  Site Map |  800-216-3234