2710-2726 Park Blvd.
12,868 SF | 100% Leased | Retail Building | Oakland, CA 94606 | $3,745,000 ($291/SF) | 6.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,745,000
- Property Type
-
Retail
- Square Feet
- 12,868 SF
- Price / Square Foot
- $291
Listing Contacts
Carol Reen
Verified Profile
- Property Info
Property Overview
Fantastic opportunity with amazing Commerical properties ready to go and ready for build out. Seize this rare 75% vacant opportunity with excellent frontage for an exceptional investment in the heart of vibrant Ivy Hill.
Investment Highlights:
- Income Generation: Excellent Commercial Retail Building. Looking for a lucrative investment property in vibrant Oakland? Look no further! This exceptional standalone building is currently leased to Mayflower Spa Body and Foot Massage and has options for extending the current business on-site or perfect for an owner-user space with excellent signage visibility on a major thoroughfare. An ideal addition to your investment portfolio at a 6.25% - 8% Pro Forma cap or better.
- Multi-Faceted Property: A multi-use building with 5 vacant spacious commercial units within the building & 6 well-appointed 1BD/1BA residential apartments in a highly desirable rental market (3 vacant). The frontage & commercial spaces offer excellent income potential and are perfect for a variety of businesses, from retail shops to professional offices. The total interior space of the building measures approximately 9,700 SF, ensuring ample room for both residential & commercial purposes.
- Adjacent Vacant Land Lot: Poised to deliver substantial returns at ~3,000 SF. Presents a fantastic opportunity for development or expansion, adding more value. Previously used as a parking lot to the adjacent commercial buildings.
- Versatile Zoning: Property benefits from flexible zoning regulations, opening doors to multiple investment avenues, including residential, commercial, or a combination. Increasing Building Height is an option!
Abundant Space: ~10,000 SF Total Lot and per Appraiser Total Building ~10,943 SF.
Investment Highlights:
- Income Generation: Excellent Commercial Retail Building. Looking for a lucrative investment property in vibrant Oakland? Look no further! This exceptional standalone building is currently leased to Mayflower Spa Body and Foot Massage and has options for extending the current business on-site or perfect for an owner-user space with excellent signage visibility on a major thoroughfare. An ideal addition to your investment portfolio at a 6.25% - 8% Pro Forma cap or better.
- Multi-Faceted Property: A multi-use building with 5 vacant spacious commercial units within the building & 6 well-appointed 1BD/1BA residential apartments in a highly desirable rental market (3 vacant). The frontage & commercial spaces offer excellent income potential and are perfect for a variety of businesses, from retail shops to professional offices. The total interior space of the building measures approximately 9,700 SF, ensuring ample room for both residential & commercial purposes.
- Adjacent Vacant Land Lot: Poised to deliver substantial returns at ~3,000 SF. Presents a fantastic opportunity for development or expansion, adding more value. Previously used as a parking lot to the adjacent commercial buildings.
- Versatile Zoning: Property benefits from flexible zoning regulations, opening doors to multiple investment avenues, including residential, commercial, or a combination. Increasing Building Height is an option!
Abundant Space: ~10,000 SF Total Lot and per Appraiser Total Building ~10,943 SF.
Property Details
- Class
- C
- Year Built
- 1930
- Stories
- 2
- Property Subtype
- Storefront Retail/Residential, Freestanding
- Lot Size (sq. ft)
- 6,970 SF
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].