CA > Oakland
Oakland, CA 94606,27122726 Park BLVD
Oakland, CA 94606,27122726 Park BLVD
Oakland, CA 94606,27122726 Park BLVD
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$3,090,000
Est. payment /mo
7,000 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81944037

HOA Y/N No

Year Built 1950

Annual Tax Amount $15,937

Lot Size 7,000 Sqft

Property Description

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.

Location

State CA

County Alameda

Area 699 - Not Defined

Zoning RU-5

Interior

Heating Forced Air

Cooling None

Fireplace No

Exterior

Roof Type Flat

Present Use Residential,Single Family

Building

Story 2

Water Public

Others

Tax ID 022033901701

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CRMLS – RECore
Listed by Carol Reen Compass
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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