Price Reduction with Construction Credit

19830 Lake Chabot Rd Castro Valley, CA 94546

19830 Lake Chabot Rd, Castro Valley, CA, 94546
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FOR SALE
Property Type:
Medical/Healthcare
Amount:
$1,799,000
Last Verified:
Feb 20, 2024

Highlights

  • Conveniently located Medical Office Space Directly Across from Sutter Health Medical Center
  • Fully Built Out Basement Totaling ±950 Square Feet, Not Included in Total Square Footage (To be verified)
  • Operational Elevator That Spans Across 3 floors
  • Owner-User Compatible with SBA Attainability
  • 4 Medical Office Suites Equipped with Basement Storage
  • Well Manicured Low Maintenance Landscaping
  • Expansive Parking Lot

Description

Price Reduction with Construction Credit!

Hanhan Commercial Group is pleased to present an excellent opportunity to purchase a well located medical office building located directly across from the illustrious Sutter Health Medical Center. This building is comprised of 4 medical suites with two vacant and two leased. Allowing medical owner-users to purchase this property via SBA loan. This two-story medical office building amenities include basement storage, built-out patient and exam rooms, and an Elevator spanning across 3 floors.

19830 Lake Chabot Road in Castro Valley, CA is an idyllic commercial property located in the vibrant Bay Area. Here, you'll be surrounded by lush natural beauty and abundant amenities. Nearby, you'll find Lake Chabot, a 163-acre lake and recreational area offering fishing, hiking, picnicking, and more. Plus, you’ll have access to shopping and dining options located on Castro Valley Boulevard. For a break from the bustle of the city, enjoy a stroll in nearby Chabot Regional Park or a leisurely bike ride to the top of Palomares Canyon. For entertainment options, the Impact Theatre at the Castro Valley Center for the Arts, restaurants, and nearby Paramount Theatres are a short drive away. With its exceptional location and stunning views, 19830 Lake Chabot Road is a medical office opportunity you won’t want to miss.


Year Built: 1969
Building Size: 5290sq ft
Building Class: B
Lot Size: 0.37 acres

Map of 19830 Lake Chabot Rd, Castro Valley, CA, 94546

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.