Park Boulevard, Oakland, California 94606

Listed By Compass

The Commercial Property for Sale located at Oakland, California 94606 is currently for sale. Oakland, California 94606 is listed for $3,090,000. If the property located at Oakland, California 94606 isn't what you're looking for, visit https://devadmindomaintest1.xomio.com to see other Commercial Properties for Sale in Oakland .

Date Updated : Apr 14, 2025

MLS#: 371999831

$3,090,000 USD

  • Minimum sellable space
    1,024 m² (11,022 ft²)
The details

Property features

Construction details

  • Year built: 1950

Other features

  • Heating system: Forced Air

Area

  • Property size: 1,024 m² (11,022 ft²)
  • Land/Lot size: 650 m² (7,000 ft²)

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

Oakland, California 94606
Map preview
Courtesy of Carol Reen Compass
Equal Housing Opportunity

All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.