2712-2726 Park BLVD, Oakland, CA 94606 – ML81944037

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Matt Cossell

matt@mattcossellteam.com +1(408) 761-3271

Listed by Carol Reen • Compass

$3,090,000

Est. payment - /mo

11,022 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 11,022 sqft

Price per Sqft $280

MLS Listing ID ML81944037

Year Built 1950

Lot Size 7,000 Sqft

Property Sub-Type Commercial Property

Property 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

State CA

County Alameda

Area Oakland Zip Code 94606

Zoning RU-5

Interior

Heating Forced Air

Cooling None

Exterior

Parking Features No Parking

Utilities Available Public Utilities

Roof Type Flat / Low Pitch

Present Use Bare Land,Mixed,Office,Residential,Retail

Building

Story 2

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Restrictions None

Tax ID 022-0339-017-01

Security Features Varies by Unit

Special Listing Condition Not Applicable

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Matt Cossell

+1(408) 761-3271

Top 1% Realtor | License ID: 01382971

Top 1% Realtor License ID: 01382971

2712-2726 Park BLVD Oakland, CA 94606

Matt Cossell

Key Details

Location

Interior

Exterior

Building

Others