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$3,090,000

Est. payment - /mo

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11,022 SqFt

Active

2712-2726 Park BLVD Oakland, CA 94606

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Xavier Williams

[email protected] +1(408) 774-4300

UPDATED:

01/09/2025 10:12 AM

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 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

Listed by Carol Reen • Compass

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

"It's your money, and you're going to be making the payments on your new home (not me). Let's take the time to find the right fit, for you, at your pace! "

+1(408) 774-4300

[email protected]

5450 Thornwood Dr Ste F, San Jose, California, 95123, USA