Active

2712-2726 Park Boulevard

Oakland CA, 94606

$3,090,000


$280.35 per sqft

Active

11,022 sqft

Commercial

Built in 1950

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.

ML81944037

MLS ID

October 4, 2023

Listed

November 21, 2024

Updated

Map

2712-2726 Park Boulevard
Oakland CA, 94606

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.16 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Oakland


Garage

No


Parking

None


View

No


County

Alameda


Water Source

Public


Pool

No


Zoning

RU-5

Listing History

Date

Event

Price

6/24/2024

Price change

$3,090,000

-4%

Listed by Carol Reen with Compass
Listing Contact: 415-728-6199 

Bay East  ©2024 CCAR  ©2024. bridgeMLS  ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 9:01 PM UTC, 11/21/2024.

Powered byLuxury Presence