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324 10th St 375 SF Retail Condo Unit Offered at $350,000 in Oakland, CA 94607

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Investment Highlights

$30,000 annual rent producing $22,990 NOI and a 6.57% Cap Rate
Quickly (national boba brand) with 19+ years operating at this location
Two retail condo units totaling 375 SF, combined as a single street-level storefront

NN lease with tenant responsible for CAM, utilities, maintenance, and association dues
Lease through 8/31/2027 with one 2-year option at market rent, offering upside
Prime Oakland Chinatown location near Lincoln Square Park with strong pedestrian traffic

Offering Memorandum

Property Facts

Total Building Size	375 SF	Typical Floor Size	188 SF
Property Type	Retail (Condo)	Year Built	1920
Property Subtype	Storefront Retail/Office General Retail Fast Food	Tenancy	Single
Building Class	C	Lot Size	0.37 AC
Floors	2
Zoning	CI - Commercial/ Industrial ( Mixed Use)

Total Building Size	375 SF
Property Type	Retail (Condo)
Property Subtype	Storefront Retail/Office General Retail Fast Food
Building Class	C
Floors	2
Typical Floor Size	188 SF
Year Built	1920
Tenancy	Single
Lot Size	0.37 AC
Zoning	CI - Commercial/ Industrial ( Mixed Use)

Mezzanine

Signage

1 Unit Available

Unit 118-119

Unit Size	375 SF	Sale Type	Investment
Price	$350,000	Cap Rate	6.57%
Price Per SF	$933.33	NOI	$22,995
Condo Use	Retail

Unit Size	375 SF
Price	$350,000
Price Per SF	$933.33
Condo Use	Retail
Sale Type	Investment
Cap Rate	6.57%
NOI	$22,995

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.