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324 10th St
Oakland, CA 94607 Chinatown

$350,000 USD

Storefront Retail Office Condo For Sale  •  375 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 375 SF
  • Lot Size 0.37 AC
  • Building Class C
  • Year Built 1920
  • Cap Rate 6.57 %
  • Tenancy Single
  • Zoning CI
89 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 118-119 Retail 375 SF $350,000 USD
  • Unit Size: 375 SF
  • Condo Use: Retail
  • Price: $350,000 USD
  • Sale Type: Investment
  • Price/SF: $933.33 USD
Description
3D Tour:
https://my.matterport.com/models/JQDPmHS44pg?organization=FiyhK92Ngx5

Sale Notes
324 10th St Units 118–119 offers a rare opportunity to acquire a street-level retail condominium investment in the heart of Oakland Chinatown. The combined 375 SF storefront is leased to Quickly, a nationally recognized boba brand with 19+ years operating at this location. The NN lease structure provides minimal landlord responsibilities and stable income of $30,000 annually ($22,990 NOI), equating to a 6.57% cap rate. Lease term runs through August 2027 with a two-year renewal option at market rent.

Highlights

$30,000 annual rent producing $22,990 NOI and a 6.57% Cap Rate
NN lease with tenant responsible for CAM, utilities, maintenance, and association dues
Quickly (national boba brand) with 19+ years operating at this location
Lease through 8/31/2027 with one 2-year option at market rent, offering upside
Two retail condo units totaling 375 SF, combined as a single street-level storefront
Prime Oakland Chinatown location near Lincoln Square Park with strong pedestrian traffic

Property Flyers

Financial Summary

Cap Rate: 6.57 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Chinese Music Performance-art
Hua Hua Salon
Huang, Terri L.
J & V Travel Service
Quickly

Amenities

  • Mezzanine
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
3 min 11 min 0.6 mi
11 min - 5.6 mi
Transit/SubwayDriveWalkDistance
12th St Oakland City Center Station (Fremont - Richmond - Bay Area Rapid Transit (BART), Pittsburg/Bay Point - San Francisco International - Bay Area Rapid Transit (BART), Richmond - Millbrae - Bay Area Rapid Transit (BART)) 1 min 6 min 0.3 mi
Lake Merritt Station (Dublin/Pleasanton - Millbrae - Bay Area Rapid Transit (BART), Fremont - Daly City - Bay Area Rapid Transit (BART), Fremont - Richmond - Bay Area Rapid Transit (BART)) 2 min 8 min 0.4 mi
19th St Oakland Station (Fremont - Richmond - Bay Area Rapid Transit (BART), Pittsburg/Bay Point - San Francisco International - Bay Area Rapid Transit (BART), Richmond - Millbrae - Bay Area Rapid Transit (BART)) 2 min 13 min 0.7 mi
AirportDriveWalkDistance
Metro Oakland International 15 min - 9.1 mi
San Francisco International 37 min - 23.9 mi
Norman Y Mineta San Jose International 51 min - 40.5 mi
Theodore Wong 650-228-9930 Compass Commercial
Theodore Wong 650-228-9930 Compass Commercial