27122726 Park Boulevard, Oakland, CA 94606 - Berkshire Hathaway HomeServices California Properties

27122726 Park Boulevard, Oakland, CA 94606

$3,090,000 Approx. USD 0 beds, 0 baths

Listing Agent


Carol Reen | carol@carolreen.com
Lic#: 01820082
Broker: Courtesy of Compass

Agent Remarks

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.

Listing Details

Property type: (Commercial)
Status: Active
MLS# ML81944037
List price is $3,090,000 Reduced by $100,000 on 6/24/2024
Price: $3,090,000
HOA Fee is $0.00
Built in 1950
0.16 acres
Lot size: 0.1607
County: Alameda
Zoning: RU-5
Heating/cooling: None
Heating description: Forced Air
MLS area: 699 - Not Defined

Last Updated: 4/13/2025

 Days On Market (DOM): 584

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This listing belongs to the 699 - Not Defined MLS area

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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