$291.03 Per Sq Foot $20,104 est/mo Sourced by Back At You

27102726 Park Boulevard,Oakland, CA 94606

Oakland CA, 94606

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Description

Seize this rare mostly vacant opportunity for an exceptional investment. Instant income generation w/an excellent 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% cap or better. A Multi-Faceted multi-use building w/5 spacious commercial units (5 vacant) & 6 well-appointed 1BD/1BA residential apartments, in a desirable rental market (3 vacant); 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 ~ 3,000 SF; it's a fantastic opportunity for development or expansion, adding value; previously used as parking for adjacent commercial buildings. The property benefits from flexible zoning regulations, opening up multiple investment avenues. Abundant Space: ~12,700 SF Total Lot, and Per Appraiser Total Building ~12,868 SF.

Details

MLS#ML81918577
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1950
Days On Site469
Listing Provided ByCompass (650) 375-1111 | Carol Reen

Features

SQ Feet12,868
Building(s)2
ZoningRU-5
Acreage0.29

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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Listings Checked: 1 minute ago
StateCA
CountyAlameda
CityOakland
Zip Code94606
Area699 Not Defined
Listing VS Median (in 94606)
Price:
$3,745,000
low | high
Med:
$1,310,000
100% of Average
SqFt:
12,868
low | high
Med:
5,634
100% of Average
$ / SqFt:
$291
low | high
Med:
$248
64.870179477544% of Average
On Site:
469
low | high
Med:
52.500000
100% of Average
Sourced by Back At You
Listing Updated: May 23, 2024 at 12:19:08 PM PDT
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