27122726 Park Boulevard

Oakland, CA 94606

PRICE REDUCED

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-$100,000 (-3.13%)

$3,090,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1950

calendar_month Built

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 Information

List Price $3,090,000
Status Active
MLS ML81944037
HOA $0
Type Commercial
Year Built 1950
Lot Size 7,000
Structure Size N/A
DOM 369
Courtesy Of Compass
Listing Agent Carol Reen DRE#01820082

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Carol Reen, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 7th, 2024 at 3:46 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.