CBRE, as exclusive advisors, is pleased to present the opportunity to acquire a fee simple interest in the Bellevue Building, located at 525 Bellevue Avenue, Oakland, CA. The Property consists of ±40,460 square feet of finished area. The parcel is 0.73 acres or ±31,740 square feet with zoning that enables a long-term redevelopment strategy. The Bellevue Building is situated on the northern shore of Lake Merritt and was designed in 1926 for the Louis XIV and XV French design periods. The impressive six story building has magnificent rooms with 20 foot ceilings in the dining room and lounge, an indoor pool, 18 guest rooms, a gym and exercise studio, and many rooms for meetings and social gatherings. The Bellevue Building is adjacent to the Downtown Oakland Uptown submarket. Downtown Oakland and its surrounding area have experienced a recent renaissance with an influx of institutional capital investing in office, residential and retail development. The exterior of the building is protected by a historical designation. The parking area may be an opportunity for future development. RU-3 zoning is to create, maintain, and enhance areas of the City of Oakland that are appropriate for multi-unit, low-rise or mid-rise residential structures, and neighborhood businesses where appropriate in locations with good access to transportation and other services. Some residential activities include permanent, supportive housing, transitional housing. Density for regular dwelling units is not in one per 450 square feet of lot area. Maximum height for primary building is 65 feet. (please verify with the City of Oakland planning department independently).