$3,190,000

27122726 Park Boulevard, Oakland 94606

7,000

Lot Size

Listing Agent
Carol Reen - Compass

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.

Facts & Features

MLS® # ML81944037
Price $3,190,000
Bathrooms 0.00
Lot Size 7,000
Year Built 1950
Type Commercial Sale
Status Active

Community Information

Address 27122726 Park Boulevard
Area 699 - Not Defined
City Oakland
County Alameda
Zip Code 94606

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Cooling None
Has Basement No
Fireplace No
# of Stories 2

Exterior

Roof Flat

Additional Information

Date Listed October 4th, 2023
Days on Market 226
Zoning RU-5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentCarol Reen
OfficeCompass

Listing Map

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