Park Boulevard Oakland, California
Listed By Compass
The Commercial Property for Sale located at Oakland, California is currently for sale. Oakland, California is listed for $3,090,000. If the property located at Oakland, California isn't what you're looking for, visit https://devadmindomaintest1.xomio.com to see other Commercial Properties for Sale in Oakland .
Date Updated : Jan 15, 2025
MLS#: 371999831
$3,090,000 USD
- Minimum sellable space1,024m² (11,022ft²)
Property features
Construction details
- Year built: 1950
Other features
- Heating system: Forced Air
Area
- Property size: 1,024m² (11,022ft²)
- Land/Lot size: 650m² (7,000ft²)
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.
Location
