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2712-2726 Park Blvd

Oakland, CA 94606
  • $3,190,000
  • STATUS: Active
  • ON SITE: 139 Days
  • ID#: ML81944037
UPDATED: 39 min ago
$3,190,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,000
    SQFT
  • $3,190
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1951
County:

School Ratings & Info

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.

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© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-02-21T20:51:10.24. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Tran Real Estate Group | Keller Williams.

Licensed in the State of California.
Website powered by BoomTown.
www.tranrealestategroup.com/homes/144089495
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2712-2726 Park Blvd Oakland, CA 94606

  • Price: $3,190,000
  • Status: Active
  • On Site: 139 Days
  • Updated: 39 min ago
  • ID#: ML81944037
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1,000
SQFT
$3,190
$/SQFT
1951
Built
Neighborhood:
Oakland Zip Code 94606
County:
Alameda
Area:
Oakland Zip Code 94606
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.
Exterior Features

Foundation Concrete Perimeter Garage Parking No Parking Roof Flat / Low Pitch Sq Ft Yard 3000

Interior Features

Cooling None Heating Forced Air Sq Ft Warehouse 3000 Structure Sq Ft 11022

Property Features

Accessibility Features Wheelchair Access Additional Listing Info Not Applicable City Name OAKLAND Facilities 1 Restroom Per UnitFront SignLiving QuartersMeeting FacilitiesMulti-Tenant BuildingRestrooms-PrivateSignage Lot Size Area Maximum 7000.00 Meters Separate ElectricSeparate GasSeparate Water Number Tenants 3 Present Use Bare LandMixedOfficeResidentialRetail Restrictions None Security Features Varies by Unit Sewer Septic Sewer - Public Sq Ft Source Assessor Utilities Public Utilities Water Public Zoning RU-5

Listing provided courtesy of Carol Reen of Compass: 415-728-6199.



© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-02-21T20:51:10.24. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Tran Real Estate Group | Keller Williams.

Licensed in the State of California.
Website powered by BoomTown.
 
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Tran Real Estate Group | Keller Williams
2520 Mission College Blvd #102
Santa Clara CA, 95054