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27122726 Park Boulevard

Oakland, CA 94606
  • $3,090,000
  • STATUS: Active
  • ON SITE: 404 Days
  • ID#: ML81944037
$3,090,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1950
County:

School Ratings & Info

Listing Agent(s): Carol Reen of Compass ((415) 660-9955)


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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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-12T00:28:13.133. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/144090944
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27122726 Park Boulevard Oakland, CA 94606

  • Price: $3,090,000
  • Status: Active
  • On Site: 404 Days
  • ID#: ML81944037
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1950
Built
Neighborhood:
699 - Not Defined
County:
Alameda
Area:
699 - Not Defined
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

Parking Total 0 Roof Flat

Interior Features

Cooling None Cooling YN Yes Heating Forced Air Heating YN Yes

Property Features

Association Fee 0 Gross Scheduled Income 191700 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 0 Other Expense 0 Tax Annual Amount 15937 Trash Expense 1132 Water Source Public Zoning RU-5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-12T00:28:13.133. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Carol Reen of Compass ((415) 660-9955)