5500 International Blvd - Auto Repair FOR SALE


Oakland, CA 94621
$495,000 USD
510-822-1331
5500 International Blvd, Oakland, CA for Sale
$495,000 USD
Auto Repair - FOR SALE
1/19
null | 8.82% Cap Rate

5500 International Blvd
Oakland, CA 94621


HIGHLIGHTS

  • Commercial Industrial Investment - Currently the Business Location for 55th Tire & Service
  • Currently Zoned CN-3 for Neighborhood Commercial Allowing for a Variety of Commercial Uses
  • High Traffic Corner Location Near Downtown Oakland, BART, HWY580, HWY880
  • Property can be Delivered Vacant or the Tenant will Sign a NNN Lease with the New Owner
  • Seller Financing is Available with Excellent Terms for Well Qualified Buyers

OVERVIEW

***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE. 5500 International Blvd presents a rare opportunity to purchase a commercial industrial property currently being used the business operation of 55th Tire & Service. The property is zoned CN-3 for Neighborhood Commercial providing for a variety of business uses. The property offers 1,150 square feet of rental space and sits on a 5,874 square foot lot with parking in the front and ample space for parking and storage in the rear. There is 85 feet of frontage on International Blvd and 75 feet of frontage on 55th Avenue. The current tenant has a lease until June 2026, however he may terminate his lease for a new owner. This is an attractive, high-traffic location in East Oakland with tremendous income upside near Downtown Oakland, HWY880, HWY580, and numerous public transportation options. This is a perfect opportunity for an owner-user or NNN Investor seeking a property with excellent long-term income potential. Seller financing is available 50% down payment for well qualified buyers. The current lease rate is very low and needs to be updated; the cap rate is based upon the market value one the current tenant vacates the property.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$396 USD /SF

CAP RATE

8.82%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

International Auto Repair Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Dealership, Convenience Store, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C-40

APN/PARCEL ID

038-3232-017-00

ASK ABOUT THIS PROPERTY

David HowarthPinza GroupMore Info
510-822-1331

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David HowarthPinza GroupMore Info
510-822-1331

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