$3,090,000
( $280.35Per Sq Foot )
 $16,588 est/mo Sourced by Back At You

27122726 Park Boulevard , Oakland, CA 94606

Oakland, CA 94606

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Description

Seize a rare 75% vacant opportunity for an exceptional investment & excellent frontage. Instant income generation w/a superb Retail Building currently leased to Mayflower Spa; has options for extending or for an owner-user space w/great signage visibility; an ideal addition to your portfolio at a 6.25% - 8% Pro Forma cap. A multi-use building w/5 spacious commercial units (vacant) & 6 1BD/1BA residential apartments (3 vacant), in a desirable rental market; commercial spaces offer income potential for a variety of businesses; total interior is ~9,700 SF, ensuring ample room. The adjacent vacant land lot is poised to deliver substantial returns at ~3k SF; it's a fantastic opportunity for development or expansion; previously used as parking for adjacent commercial buildings. The property benefits from flexible zoning regulations, opening up multiple investment avenues. Increasing Building Height is an option! Abundant Space: ~12,700 SF Total Lot, & Per Appraiser Total Building ~12,868 SF.

Details

MLS#ML81944037
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1950
Days On Site294
Listing Provided ByCompass (415) 660-9955 | Carol Reen

Features

SQ Feet11,022
Story(s)2
ZoningRU-5
Acreage0.16

Market Activity 94606

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

StateCA
CountyAlameda
CityOakland
Zip Code94606
Area699 Not Defined
Listing VS Median (in 94606)
Price:
$3,090,000
low | high
Med:
$600,000
100% of Average
SqFt:
11,022
low | high
Med:
2,257
100% of Average
$ / SqFt:
$280
low | high
Med:
$266
55.175269173359% of Average
On Site:
294
low | high
Med:
8.000000
100% of Average
Sourced by Back At You
Listing Updated: July 17, 2024 at 4:11:49 PM PDT