3529 Fruitvale Ave - Light Manufacturing FOR SALE


Oakland, CA 94602- Lower Hills District
$3,840,000 USD
415-716-3665
3529 Fruitvale Ave, Oakland, CA for Sale
$3,840,000 USD
Light Manufacturing - FOR SALE
1/12
null | 6.67% Cap Rate

3529 Fruitvale Ave
Oakland, CA 94602
Lower Hills District


HIGHLIGHTS

  • Fully renovated with new electrical, mechanical, and plumbing and HVAC systems
  • Open floor plans with exposed brick and trusses for creative flexibility
  • Multiple skylights and abundant natural light throughout
  • Walk Score of 93 near MacArthur and Fruitvale transit hubs
  • ADA-compliant with two wheelchair-accessible bathrooms

OVERVIEW

Introducing Dimond Alley at 3525 Fruitvale Ave, Oakland, CA - a prime investment opportunity in Oakland's vibrant Fruitvale District. This newly renovated mixed-use property features a Restaurant, Flex Retail, and a luxurious 3-bed, 2.5-bath apartment with a roof deck, offering diverse income streams. Boasting a high-performing corner location with great visibility and a 93 Walk Score, this turnkey asset is complemented by ample parking in a nearby public lot. The property's recent overhaul includes a new roof, foundation, plumbing, electrical, and HVAC, ensuring minimal management for the new owner. With 65% of the retail space currently vacant, there's enticing potential to maximize returns. Generate income immediately from existing leases, including a well-established restaurant. Benefit from a $256,008 NOI and a 6.67% CAP Rate, presenting a solid opportunity for those seeking a lucrative investment in a bustling commercial corridor. Take advantage of this gem for an SBA loan or 1031 Exchange and step into a profitable future with Dimond Alley.

FOR SALE DETAILS

PRICE

$3,840,000 USD

PRICE/SF

$500 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

UTILITIES

Lighting, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15

LAND SF

6,720

ZONING

CN-1

APN/PARCEL ID

029A-1302-018-00

ASK ABOUT THIS PROPERTY

Adam Garrett-ClarkKeller WilliamsMore Info
415-716-3665

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

Adam Garrett-ClarkKeller WilliamsMore Info
415-716-3665

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