2710-2726 Park Blvd.
2 Exceptional Buildings | Land | 12,700 SF | 6.25% cap
Marketing description
Fantastic opportunity with amazing Commerical properties ready to go and ready for build out. Seize this rare 75% vacant opportunity with excellent frontage for an exceptional investment in the heart of vibrant Ivy Hill.
Investment Highlights:
Income Generation: Excellent Commercial Retail Building. Looking for a lucrative investment property in vibrant Oakland? Look no further! This exceptional standalone building is currently leased to Mayflower Spa Body and Foot Massage and has options for extending the current business on-site or perfect for an owner-user space with excellent signage visibility on a major thoroughfare. An ideal addition to your investment portfolio at a 6.25% - 8% Pro Forma cap or better.
Multi-Faceted Property: A multi-use building with 5 vacant spacious commercial units within the building & 6 well-appointed 1BD/1BA residential apartments in a highly desirable rental market (3 vacant). The frontage & commercial spaces offer excellent income potential and are perfect for a variety of businesses, from retail shops to professional offices. The total interior space of the building measures approximately 9,700 SF, ensuring ample room for both residential & commercial purposes.
Adjacent Vacant Land Lot: Poised to deliver substantial returns at ~3,000 SF. Presents a fantastic opportunity for development or expansion, adding more value. Previously used as a parking lot to the adjacent commercial buildings.
Versatile Zoning: Property benefits from flexible zoning regulations, opening doors to multiple investment avenues, including residential, commercial, or a combination. Increasing Building Height is an option!
Abundant Space: ~10,000 SF Total Lot and per Appraiser Total Building ~10,943 SF.
Investment highlights
Income Generation: Excellent Commercial Retail Building. Looking for a lucrative investment property in vibrant Oakland? Look no further! This exceptional standalone building is currently leased to Mayflower Spa Body and Foot Massage and has options for extending the current business on-site or perfect for an owner-user space with excellent signage visibility on a major thoroughfare. An ideal addition to your investment portfolio at a 6.25% - 8% Pro Forma cap or better.
Multi-Faceted Property: A multi-use building with 5 vacant spacious commercial units within the building & 6 well-appointed 1BD/1BA residential apartments in a highly desirable rental market (3 vacant). The frontage & commercial spaces offer excellent income potential and are perfect for a variety of businesses, from retail shops to professional offices. The total interior space of the building measures approximately 9,700 SF, ensuring ample room for both residential & commercial purposes.
Adjacent Vacant Land Lot: Poised to deliver substantial returns at ~3,000 SF. Presents a fantastic opportunity for development or expansion, adding more value. Previously used as a parking lot to the adjacent commercial buildings.
Versatile Zoning: Property benefits from flexible zoning regulations, opening doors to multiple investment avenues, including residential, commercial, or a combination. Increasing Building Height is an option!
Abundant Space: ~10,000 SF Total Lot and per Appraiser Total Building ~10,943 SF.
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