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$3,090,000

Est. payment - /mo

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7,000 Sqft Lot

Active

27122726 Park BLVD Oakland, CA 94606

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81944037

HOA Y/N No

Year Built 1950

Annual Tax Amount $15,937

Lot Size 7,000 Sqft

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 699 - Not Defined

Zoning RU-5

Interior

Heating Forced Air

Cooling None

Fireplace No

Exterior

Roof Type Flat

Present Use Residential,Single Family

Building

Story 2

Water Public

Others

Tax ID 022033901701

Listed by Carol Reen Compass

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