801-821 Webster St - Storefront Retail/Residential FOR SALE


Oakland, CA 94607- Chinatown
$4,990,000 USD
925-222-5368
801-821 Webster St, Oakland, CA for Sale
$4,990,000 USD
Storefront Retail/Residential - FOR SALE
1/22
null | 9.15% Cap Rate

801-821 Webster St
Oakland, CA 94607
Chinatown


HIGHLIGHTS

  • High-performing intersection with excellent visibility. Located in the heart of the Oakland Chinatown district.
  • Mix of retail and residential tenants includes five commercial spaces and ten residential units.
  • Property currently 100% occupied and anchored by a well-known, national, commercial bank.
  • Residential units feature new laminated flooring, paint, and lighting.
  • Tenants are responsible for gross rent plus own utilities. Property features a stable cash flow with significant NOI growth.

OVERVIEW

This investment opportunity is for the fee simple interest in 821 Webster, improved with a two-story mixed use building. With current cap rate of 8.2, there are 4 retail spaces and 10 residential units. It consists of reinforced concrete construction built in 1937. Located at the corner of Webster St. and 8th St., in the heart of Chinatown. The total building area is approximately 13,705 square feet excluding the basement area. 821 Webster is two story building located in the heart of Chinatown of Oakland with a walk score of 100. The building is centrally located in Oakland's CBD area only a nine minute walk to the 12th street BART station and the Lake Merritt BART station. Oakland's solid transportation infrastructure has allows residents and reliability when traveling to the Bay from San Francisco. 821 Webster offers an exceptional downtown location that is only two block walk to Broadway or city center BART station. The prime downtown location has easy access to bus lines and multiple freeways. Downtown Oakland has undergone a building boom for apartments and condo units providing ample housing for employees and there are plenty dining options all within the Immediate area. Nearby are courthouses and Oakland's city hall, and Jack London square with its many restaurants and breweries is an easy bus ride or 10 minute walk.

FOR SALE DETAILS

PRICE

$4,990,000 USD

PRICE/SF

$364 USD /SF

CAP RATE

9.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bank, Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,500 SF

ZONING

D-LM-2

APN/PARCEL ID

001-0193-009-00

ASK ABOUT THIS PROPERTY

Kent HuCCPCA RealtyMore Info
925-222-5368

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Kent HuCCPCA RealtyMore Info
925-222-5368

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