Fully Entitled 17 unit Condo Development

0.13 Acres of Commercial Land Offered at $1,498,000 USD in Oakland, CA 94612

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

Asking Price $1,498,000

Property Type
Land

Listing Contacts

James Kilpatrick
James Kilpatrick
Verified Profile
Seth Hubbert
Seth Hubbert
Verified Profile
Jonathan Altamirano
Jonathan Altamirano
Verified Profile
  • Property Info

Property Overview

A fully entitled 16-unit condo + 1 commercial unit development site with ground floor retail or office located within the advantageous Oakland Opportunity Zone. This is a commuter’s dream, strategically located minutes from Downtown Oakland and a short drive to Downtown San Francisco via the Bay Bridge for a simple and quick commute. The property is a brief 0.6 mile walk to the nearest Bart Station for easy access to San Francisco, Walnut Creek, Berkeley and other destinations in the East Bay. It is a fabulous location for anyone working in Oakland, East Bay, or San Francisco. This condo development can be changed into an apartment development where the owner/developer is generating monthly rental income in a market where there is a shortage on housing and rentals.

Property Details

Property Subtype
Commercial

Highlights

  • Fully entitled project for a five-story mixed-use building at 2323 San Pablo Avenue, blending modern living with retail convenience.
  • Designed by Dinar and Associates, the project includes complete construction drawings that have already been submitted to the Building Department for
  • Situated within an Opportunity Zone, this project offers enticing tax benefits, enhancing investment appeal.
  • Ground floor commercial area for retail or office space.
  • Positioned for optimal convenience, minutes away from public transit options, connecting residents to the broader Oakland and Bay Area.

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