About 2712-2726 Park Blvd
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.
Features of 2712-2726 Park Blvd
| MLS® # | ML81944037 |
|---|---|
| Price | $3,090,000 |
| Square Footage | 11,022 |
| Acres | 0.16 |
| Year Built | 1950 |
| Type | Common Interest |
| Sub-Type | Commercial Property |
| Status | Active |
Community Information
| Address | 2712-2726 Park Blvd |
|---|---|
| Area | Oakland Zip Code 94606 |
| City | OAKLAND |
| County | Alameda |
| State | CA |
| Zip Code | 94606 |
Amenities
| Utilities | Public Utilities |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Central Forced Air Heat |
|---|---|
| Cooling | No Cooling |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Exterior
| Roof | Flat/Low Pitch |
|---|---|
| Foundation | Concrete Perimeter |
School Information
| Attendance Zone | OAKLAND HIGH SCHOOL, EDNA BREWER MIDDLE SCHOOL, BELLA VISTA ELEMENTARY SCHOOL |
|---|
Additional Information
| Zoning | RU-5 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Carol Reen |
|---|---|
| Office | Compass |
| Office Contact | 415-728-6199 |
