867-871 Island Dr - Freestanding FOR SALE


Alameda, CA 94502- Harbor Bay/Bay Farm
$45,000,000 USD
650-701-5590
867-871 Island Dr, Alameda, CA for Sale
$45,000,000 USD
Freestanding - FOR SALE
1/7
null | Request Cap Rate

867-871 Island Dr
Alameda, CA 94502
Harbor Bay/Bay Farm


HIGHLIGHTS

  • Harbor Bay Landing Shopping Center in Alameda, CA
  • Existing Multi-Tenant Safeway Anchored Shopping Center with 9.84 Acres Combined Lot Size
  • Uniquely Positioned for Re-Development / Re-Positioning
  • Easy Access and Great Visibility
  • City of Alameda Housing Opportunity Site
  • Peaceful and Serene Setting

OVERVIEW

S&T Group of Marcus & Millichap has been retained as exclusive advisor to sell the Harbor Bay Landing shopping center located at 867 Island Drive & 3255 Mecartney Road, Alameda, CA. This is a 9.84 acre re=positioning / re=development site located in one of the most active developments cities the core Bay Area. In 2022 the property was re-zoned to add the Community Mixed-Use Combining District to the property, and is now zoned C-2-PDCMU, Central Business - Planned Development - Community Mixed Use Combining District. In its latest 2031 Housing Element, the City has identified the property as a Housing Opportunity Site. ZONING: https://library.municode.com/ca/alameda/codes/code_of_ordinances?nodeId=CHXXXDERE_ARTIZODIRE_30-4DIUSRE_30-4.26COMIUSCODI https://www.alamedaca.gov/files/assets/public/v/1/departments/alameda/building-planning-transportation/planning/ordinance-3333_1.pdf CALL FOR OFFERS DATE: APRIL 30, 2025

FOR SALE DETAILS

PRICE

$45,000,000 USD

PRICE/SF

$1,627 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CALL FOR OFFERS DATE - APRIL 30, 2025

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

394

LAND DETAILS

LAND ACRES

10 AC

LAND SF

435,600 SF

ZONING

C2/PD, Alameda

APN/PARCEL ID

074-1045-010-01,074-1045-010-02

ASK ABOUT THIS PROPERTY

Yuri Sergunin, CCIMThe S&T Group | Marcus & MillichapMore Info
650-701-5590

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Yuri Sergunin, CCIMThe S&T Group | Marcus & MillichapMore Info
650-701-5590

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.