7 Monte Vista Ave, Oakland, CA 94611
4,960 SF | 100% Leased | Retail Building | Oakland, CA 94611 | $2,500,000 ($504/SF) | 3% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,500,000
- Property Type
-
Retail
- Square Feet
- 4,960 SF
- Price / Square Foot
- $504
Listing Contacts
Max Gunari
Verified Profile
Forrest Gherlone
Verified Profile
Mike Zylstra
Verified Profile
- Property Info
Property Overview
Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire 7 Monte Vista Ave (the “Property”) in the prestigious Piedmont Ave neighborhood of Oakland, California, within the San Francisco Bay Area.
The Property is an approximately 4,364-square-foot mixed-use retail and residential building situated on a 3,100-square-foot parcel. It fronts the highly trafficked Piedmont Ave, which sees approximately 12,000 vehicles per day (VPD). The ground floor features two tenants
on short-term leases, making it ideal for an owner/user or investor, while the remainder of the building houses three residential units: one
3-bedroom unit and two 1-bedroom units.
Located on bustling Piedmont Ave, this property benefits from high foot traffic and exceptional visibility. The area is renowned for its diverse mix of shops, dining options, and entertainment venues, making it a highly sought-after destination for both residents and businesses. Additionally, the location offers easy access to public transportation and major thoroughfares.
7 Monte Vista Ave presents investors with a rare opportunity to own a high-quality mixed-use asset in one of Oakland’s most coveted neighborhoods.
Please reach out to brokers for detailed Offering Memorandum.
The Property is an approximately 4,364-square-foot mixed-use retail and residential building situated on a 3,100-square-foot parcel. It fronts the highly trafficked Piedmont Ave, which sees approximately 12,000 vehicles per day (VPD). The ground floor features two tenants
on short-term leases, making it ideal for an owner/user or investor, while the remainder of the building houses three residential units: one
3-bedroom unit and two 1-bedroom units.
Located on bustling Piedmont Ave, this property benefits from high foot traffic and exceptional visibility. The area is renowned for its diverse mix of shops, dining options, and entertainment venues, making it a highly sought-after destination for both residents and businesses. Additionally, the location offers easy access to public transportation and major thoroughfares.
7 Monte Vista Ave presents investors with a rare opportunity to own a high-quality mixed-use asset in one of Oakland’s most coveted neighborhoods.
Please reach out to brokers for detailed Offering Memorandum.
Property Details
- Class
- C
- Year Built
- 1912
- Stories
- 2
- Property Subtype
- Storefront Retail/Residential, Freestanding, Storefront, Office/Residential
- Lot Size (sq. ft)
- 3,049 SF
Highlights
- Situated in the prestigious Piedmont Ave neighborhood of Oakland, CA.
- Fronts Piedmont Ave with ±12,000 vehicles per day (VPD).
- Two ground floor tenants on short-term leases, providing ideal opportunity for owner/user or investors.
- Includes two ground floor retail units, one 3-bedroom unit and two 1-bedroom units.
- Benefits from high foot traffic and outstanding visibility.
- Piedmont Ave is renowned for its eclectic mix of shops, dining, and entertainment.
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