Islander Motel 29083 Mission Blvd 89 Pièce Hôtel Hayward, CA 94544 À vendre

Offered for the first time since its original construction in 1965, the All Suites Islander Motel presents a singular and compelling investment opportunity along one of the East Bay’s most prominent commercial arterials. This independent, economy lodging facility comprises 89 guest units plus one dedicated manager’s unit — 90 keys in total — situated on approximately 78,150 square feet (±1.79 acres) of contiguous, fee-simple land improved with approximately 34,620 square feet of building area inclusive of covered exterior walkways. Held under single-family ownership for over six decades and never once transferred in the open market, the property arrives with clean title history and no fractured ownership interests. Operating as a semi-permanent transitional housing and lodging facility, the asset generates meaningful in-place cash flow while offering a developer the full strategic optionality afforded by its MB-CC (Mission Boulevard — Corridor Center) zoning designation — one of the City of Hayward’s most permissive entitlement frameworks, supporting residential densities ranging from 35 to 100 dwelling units per acre and formally designated as a Priority Development Area (PDA) under the City’s Mission Boulevard Corridor Form- Based Code. The property’s position along Mission Boulevard is a defining competitive attribute. This storied north–south arterial serves as the economic spine of South Alameda County, connecting Hayward, San Leandro, and Union City with unrivaled commercial visibility and daily traffic exposure. The site benefits from exceptional multi-modal transit access, situated in close proximity to both the South Hayward BART Station and the Hayward BART Station on the A-Line — providing direct regional rail service to Oakland, San Francisco, Fremont, and the broader Bay Area network — and served by multiple AC Transit bus lines operating directly along the Mission Boulevard corridor, linking the property to BART stations throughout the submarket. This dual-BART proximity positions the offering squarely within the TOD (Transit-Oriented Development) framework that today’s institutional developers and housing sponsors prioritize above all else in the East Bay land market.
The surrounding market is dense, diverse, and economically active. Hayward is home to approximately 158,440 residents at an average density of 3,574 persons per square mile, with a median household income of $113,318, a median age of 38.6 years, and median gross rents of $2,333 per month — fundamentals that underscore the sustained rental housing demand that makes Mission Boulevard corridor redevelopment so financially compelling. The City has established an explicit policy mandate to encourage high-density, mixed-use infill development along this corridor, with a General Plan build-out capacity of over 1,333 new housing units earmarked for the area. For developers, builders, and value-add investors, this offering represents a rare convergence of irreplaceable land scale, transit proximity, entitlement-ready zoning, and a generational ownership tenure that has kept this asset off-market for over 60 years — a combination that simply does not repeat itself in today’s constrained East Bay investment market.