24471 Mission Blvd 8,750 SF 100% Leased Retail Building Hayward, CA 94544 $3,000,000 ($342.86/SF) 4.43% Cap Rate

24471 Mission Boulevard presents an opportunity to acquire a seven-unit neighborhood retail center positioned along one of Hayward's primary commercial corridors. The property contains approximately 8,750 square feet situated on 0.57 acres and is currently 62% occupied, creating multiple avenues for an investor or owner-user to increase value through lease-up and tenant repositioning. The existing tenant mix serves local service-oriented businesses, while several month-to-month leases provide flexibility for future leasing strategies and occupancy planning.
The asset benefits from frontage on Mission Boulevard, a heavily traveled thoroughfare with traffic counts exceeding 31,000 vehicles per day. Its location places the property near Downtown Hayward, the South Hayward and Hayward BART stations, City Hall, educational facilities, and a variety of established retail and service businesses. The surrounding area provides convenient access to Interstate 880 and State Route 92, supporting connectivity throughout the East Bay and broader Bay Area. Hayward's central position between Oakland, San Francisco, and San Jose enhances the property's accessibility for customers, employees, and business operators.
In addition to its current income stream, the property offers long-term redevelopment potential through its Mission Boulevard Corridor Neighborhood zoning designation and Sustainable Mixed Use General Plan classification. The zoning framework allows for a range of future development possibilities, creating optionality for investors seeking both current cash flow and future land value enhancement. The combination of existing tenancy, leasing upside, redevelopment flexibility, and a highly visible location along a major commercial corridor positions the property as a compelling retail investment opportunity in the East Bay market.