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Listed by Herb Alston Coldwell Banker Realty
$ 700,000
Est. payment | /mo
2,258 SqFt
$ 700,000
Est. payment | /mo
2,258 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,258 sqft
Price per Sqft $310
MLS Listing ID 426151942
HOA Y/N No
Lot Size 6,400 Sqft
Acres 0.1469
Property Sub-Type Mixed Use
New Construction No
Property Description
Vacant building. Odd-shaped lot. Expired plans. At first glance, that may sound like a list of problems. To the right buyer, it is a list of leverage. Located in Oakland's Bancroft Business District, between Havenscourt and Millsmont, this highly visible triangular site offers something increasingly hard to find: a development concept with history, scale and personality. The existing commercial structure is functional but stripped downa newer roof, concrete floors and interior walls separating basic spaces. Turning it into polished commercial space would require serious tenant improvements. But polishing the old building may be thinking too small. The bigger play was already drawn. The owners previously obtained approval for an 18-unit residential development before the plans expired in 2020 during COVID. The proposed program called for nine two-bedroom, one-bath units; four two-bedroom, two-bath units; four three-bedroom, two-bath units; and a single four-bedroom, three-bath residencethe kind of unit that could become the project's signature home. The lot's geometry is not the drawback; it is the hook. A triangular parcel gives an architect the chance to create a building that cannot be confused with the box next door. Its corner presence, long sight lines and multiple exposures invite strong design, dramatic angles and a project with real curb appeal. In a market full of forgettable buildings, this site practically demands one people remember. This opportunity is for a developer who understands that value is often hiding behind an unimpressive first impression. The roof may be newer, but the ceiling on the idea is much higher. Rework the prior plans, refresh the design, navigate the current approval process and create a distinctive Oakland condominium address. The structure is vacant. The vision is not. Bring capital, creativity and conviction. Prior approvals have expired. Buyer should independently verify all zoning, density, design, entitlement, utility, environmental and construction matters.
Location
State CA
County Alameda
Area Oakland Zip 94605
Interior
Flooring Concrete Slab
Fireplace No
Exterior
Roof Type Flat
Total Parking Spaces 6
Building
Lot Description Near Public Transit
Foundation Concrete
New Construction No
Others
Tax ID 038320000501
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
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