1. California
  2. Oakland
  3. 27122726 Park Boulevard
$3,090,000

27122726 Park Boulevard, Oakland, CA 94606

  • 11,022 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon7,000sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $280/sqft
  • Property List Date Icon Listed 1 year ago

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
  • A/C: None
  • Heating: Forced Air

This listing courtesy of Carol Reen, Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

F

Franklin Elementary School

915 Foothill Blvd, Oakland, CA, 94606

Grades KG-5

0.24 miles away

R

Roosevelt Middle School

1926 E 19th St, Oakland, CA, 94606

Grades 6-8

0.58 miles away

M

Metwest High School

314 E 10th St, Oakland, CA, 94606

Grades 9-12

0.70 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.