1407 Miller Ave
6,835 SF 100% Leased Retail Building Oakland, CA 94601 $900,000 ($131.68/SF) 7.53% Cap Rate
INVESTMENT HIGHLIGHTS
- Renovated Commercial Restaurant
- Large Units above Restaurant
EXECUTIVE SUMMARY
Opportunity for Investor. Mixed use building. Sidewalk Certification & Sewer Lateral Certification completed 2022. Work not reflected in pictures. The building has 2 commercial units, one is a tire shop and the other is a restaurant. The restaurant contains 2,119 square feet and consists of an ordering counter, seating area, full kitchen with grease trap, fume hood, and newly installed cooler. Major remodeling/Tenant paid improvements 2020. Newer Icebox/Refrigerator. Full Kitchen. Two units above restaurant. They are both of a two-bedroom, one and one-half bath configuration in a two-story townhouse style layout containing around 1,360 square feet each. Very nice rooms. Living room and kitchen large with half bath on main level. New flooring in both units. One laminate floor. One wall to wall carpeting. There is additional space above units (roof top) that can be accessed. Long-term tenants. Tire/Iron shop in commercial spaces on two year leases.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,835 SF
Building Class
C
Year Built/Renovated
1913/2023
Price
$900,000
Price Per SF
$131.68
Cap Rate
7.53%
NOI
$67,796
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.31
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
CN-3 - CN-3
Frontage
AMENITIES
- Corner Lot
- Restaurant
- Air Conditioning
- Balcony
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Quetzal Taqueria
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Vindiola Tires
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Quetzal Taqueria | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Vindiola Tires | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 020-0153-008-00 | Total Assessment | $1,820,700 (2024) |
| Land Assessment | $546,210 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,274,490 (2024) | Tax Year | 2023 |
