Fully Entitled 11-Unit Development

0.12 Acres of Commercial Land Offered at $1,295,000 USD in Oakland, CA 94605

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $1,295,000

Property Type
Land

Listing Contacts

David Howarth
David Howarth
Verified Profile
  • Property Info

Property Overview

Rare fully entitled 11-unit mixed-use development near San Leandro. The plans include 10 2bd/2bth 1,100 square foot residential units and one 600 square foot commercial retail unit along with approximately 7,000 square feet of common area and support services space. The property will offer 10 street-level parking spaces and a host of tenant-focused amenities. The final map is approved, and the only
requirement is for the buyer to pay the permit fees and begin the building process. This is an excellent opportunity to build on a high-profile corner location with immediate access off 82nd Ave to HWY 580 via Golf Links Rd. There is a strong requirement for new housing in the region making this an ideal investment to hold and rent for maximum income or resell for a large profit. The immediate location is rapidly changing and becoming one of the more desirable locations in this region with a variety of new restaurants, coffee shops, and shopping options.
****EMAIL [email protected] FOR A COMPLETE MARKETING PACKAGE.

Property Details

Property Subtype
Commercial

Highlights

  • Fully Entitled 11-Unit Mixed-Use Development
  • 5-Story Development with Over 11,500 Square Feet of Rental Space, Off-Street Parking, and a Variety of Amenities
  • Plans Include 10 2bd/2bth 1,100 Square Foot Residential Units and One Commercial Retail Space
  • High Visibility Corner Location with Excellent Cash Flow and Resale Potential
  • Attractive Oakland Location Near a Variety of Restaurants, Coffee Shops, Parks, Schools, and Shopping Options
  • Convenient Location with Easy Access to HWY 580, Near San Leandro, Lake Merritt, and Downtown Oakland

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