1. California
2. Oakland
3. 2712-2726 Park Boulevard

2712-2726 Park Boulevard, Oakland, CA 94606

• 11,022 sqft

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.

Listing Status:

Active

Date Added:

October 4, 2023 at 05:00AM

Listing Office:

Compass : 415-660-9955

Listing Agent:

Carol Reen : 415-728-6199

MLS ID:

ML81944037

Interior

• Heating: Forced Air
• Disability Feature: Customized Wheelchair Accessible

Exterior

Location

Lot

This listing courtesy of Carol Reen, Compass