2712-2726 Park - Flex FOR SALE


Oakland, CA 94606- Ivy Hill
$2,750,000 USD
415-728-6199
2712-2726 Park, Oakland, CA for Sale
$2,750,000 USD
Flex - FOR SALE
1/19
null | 7.25% Cap Rate

2712-2726 Park
Oakland, CA 94606
Ivy Hill


HIGHLIGHTS

  • Urban Revival: The Ivy Hill neighborhood of Oakland is known for its charm, diversity, and accessibility.
  • Location: Strategically situated, offering easy access to local amenities, public transportation, and major highways.
  • Diverse Income Streams: With a mix of residential and commercial units helps protect your investment during economic fluctuations.
  • Multi-Faceted Property: Multi-use building with 5 vacant spacious commercial units within the building & 6 1BD / 1BA apartments.
  • Adjacent vacant land lot is poised to deliver substantial returns at ~ 3,000 SF. Aantastic opportunity for development or expansion.

OVERVIEW

Seller says get it sold! Fantastic opportunity with amazing Commercial properties ready to go and ready for build out. Seize this rare 75% vacant opportunity with adjacent vacant lot and excellent frontage for an exceptional investment in the heart of vibrant Ivy Hill. Investment Highlights: - Multi-Faceted Property: A multi-use building with 5 vacant spacious commercial units within the building & 6 well-appointed 1BD/1BA residential apartments in a highly desirable rental market (3 vacant). The frontage & commercial spaces offer excellent income potential and are perfect for a variety of businesses, from retail shops to professional offices. The total interior space of the building measures approximately 9,700 SF, ensuring ample room for both residential & commercial purposes. - Adjacent Vacant Land Lot: Poised to deliver substantial returns at ~3,000 SF. Presents a fantastic opportunity for development or expansion, adding more value. Previously used as a parking lot to the adjacent commercial buildings. Can be sold with the Commercial Building that increases the Floor-Area-Ratio for development. - Versatile Zoning: Property benefits from flexible zoning regulations, opening doors to multiple investment avenues, including residential, commercial, or a combination. Increasing Building Height is an option! - Abundant Space: ~10,000 SF Total Lot and per Appraiser Total Building ~10,943 SF.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$251 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2712-2726 Park Blvd.

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23

LAND SF

10,019

ZONING

RU-5

APN/PARCEL ID

022-0339-014-00

ASK ABOUT THIS PROPERTY

Carol ReenCompass Real EstateMore Info
415-728-6199

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Carol ReenCompass Real EstateMore Info
415-728-6199

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.