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
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