27102726 Park Boulevard
Oakland, CA 94606
$705,000.00 (-16.21%)
Active for $3,645,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 12,700 sqft
| MLS | ML81918577 |
| Year Built | 1950 |
| Property Type | |
| County | Alameda |
| Status | Active |
| Active | $3,645,000 |
| Structure Size | N/A sqft |
| Lot Size | 12,700 sqft |
| Beds | N/A |
| Baths |
Description
Seize this rare mostly vacant opportunity for an exceptional investment. Instant income generation w/an excellent 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% cap or better. A Multi-Faceted multi-use building w/5 spacious commercial units (5 vacant) & 6 well-appointed 1BD/1BA residential apartments, in a desirable rental market (3 vacant); 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 ~ 3,000 SF; it's a fantastic opportunity for development or expansion, adding value; previously used as parking for adjacent commercial buildings. The property benefits from flexible zoning regulations, opening up multiple investment avenues. Abundant Space: ~12,700 SF Total Lot, and Per Appraiser Total Building ~12,868 SF.
Listing information courtesy of: Carol Reen, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of 09/24/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Armen Mehrabi
REALTOR®
Direct: 818.970.6777
Email: Email Me
DRE: 01906662
DRE #01873088
.png){kind=small}