27122726 Park Boulevard
Oakland, CA 94606
0.16 acres | #ML81944037
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.
Property Details
- Property SubtypeCommercialSale
- Original List Price$3,190,000
- MLS #ML81944037
- MLS #ML81944037
- Property TypePurchase
- CountyAlameda
- Taxes Annual$15,937
- Cost3090000
- Acres0.1607
- Utility SourcePublic
- Year Built1950
- Stories2
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Carol Reen (#ML5096567)
Listing Office: Compass (#ML5097645)
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