$3,090,000
Active MLS # ML81944037 | Listed by Carol Reen with Compass
Active MLS # ML81944037 | Listed by Carol Reen with Compass
27122726 Park Boulevard is a $3,090,000, 11,022 square foot home on a 0.16 acre lot located in Oakland, CA.
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.
Cooling Types | None Cooling - Yes |
Heating Types | Forced Air Heating - Yes |
Roof | Flat |
Water Source | Public |
Attribution Contact | (415) 660-9955 |
Property Type | Commercial Sale |
Style | Residential Full Service |
Year Built | 1950 |
HOA Fee | $0.00 |
Taxes | $15,937.00 |
County | alameda |
Neighborhood |
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